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Scale Eight raises $23 million

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. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
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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