X

Storage start-up to announce funding

Spinnaker Networks, a Pittsburgh-based start-up that makes high-end networked storage systems, will announce a new round of venture funding worth more than $20 million on Monday, a company representative said. The company, founded in 1999, hasn't yet begun selling its product. In April 2000, Spinnaker received $20.4 million in a first round of financing from Norwest Venture Partners and Menlo Ventures.

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors | Semiconductors | Web browsers | Quantum computing | Supercomputers | AI | 3D printing | Drones | Computer science | Physics | Programming | Materials science | USB | UWB | Android | Digital photography | Science Credentials
  • Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
Stephen Shankland
Spinnaker Networks, a Pittsburgh-based start-up that makes high-end networked storage systems, will announce a new round of venture funding worth more than $20 million on Monday, a company representative said.

The company, founded in 1999, hasn't yet begun selling its product. In April 2000, Spinnaker received $20.4 million in a first round of financing from Norwest Venture Partners and Menlo Ventures.