Storage maker gets $14.3 million

Dawn Kawamoto Former Staff writer, CNET News

Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

Dawn Kawamoto

April 29, 2003 5:00 p.m. PT

Exavio announced Tuesday it raised a $14.3 million first round of funding. ComVentures, VantagePoint Venture Partners, Crystal Internet Venture Funds and Enspire Capital contributed to the round. San Jose, Calif.-based Exavio develops storage for digital media and Internet Protocol-based switching software for on-demand video services in the entertainment, education and broadcast markets.