Intel Leads $17 Million Financing of Maginatics
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Maginatics Inc. is assembling a roster of some of the biggest U.S. technology companies as investors, adding Intel Corp. to the list, as the storage startup aims for mass adoption.
The Mountain View, California-based company said today it raised $17 million in a funding round led by Intel’s venture arm, with participation from Comcast Ventures and China’s WestSummit Capital. Existing investors -- EMC Corp.’s venture unit, VMware Inc. and Atlantic Bridge -- also contributed.