GridStore, An Irish data storage company which counts Iona Technologies founder Chris Horn among its backers and directors, has closed a $12.5 million venture capital funding round.It specialises in next-generation data storage solutions for businesses using a grid platform. Its products are sold through resellers who provide IT services and products to both small and large businesses and organisations.
The $12.5 million in funding follows a 2010 seed capital funding round through which the company raised $2 million from a group of investors including the Ulster Bank Diageo Venture Fund and a number of angel investors, including Chris Horn. That funding was used to scale the business in the US.
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