Storage service and software company Scale Eight said Tuesday that it has raised a $23 million third round of funding. Oak Investment Partners led the round with STAR Ventures and previous investors InterWest Partners, CenterPoint Ventures, and Crown Advisors also participating. San Francisco-based Scale Eight has raised a total of $54.5 million and has received a decline in valuation with the latest round. Scale Eight's service and software enables companies to store data on a global basis, rather than at numerous local offices.
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