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BlueArc attracts $72 million

BlueArc, a network storage company led by former Compaq executive Enrico Pesatori, received a $72 million third round of funding. The Mountain View, Calif.-based company, which received an increase in its valuation to $312 million, attracted Weston Presidio as its lead investor. Other investors include Dell Ventures, Euroqube, New York Common Retirement Co-Investment Fund, JPMorgan Partners, Fort Washington Capital and previous investors Celtic House International, Patricof & Co. Ventures, and Apax Partners. BlueArc, which has raised over $100 million, has developed a network storage system that can run at gigabit speeds, rather than the industry's current practice of megabit speeds, spokesman Jim Schaff said. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
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Dawn Kawamoto
BlueArc, a network storage company led by former Compaq executive Enrico Pesatori, received a $72 million third round of funding. The Mountain View, Calif.-based company, which received an increase in its valuation to $312 million, attracted Weston Presidio as its lead investor. Other investors include Dell Ventures, Euroqube, New York Common Retirement Co-Investment Fund, JPMorgan Partners, Fort Washington Capital and previous investors Celtic House International, Patricof & Co. Ventures, and Apax Partners.

BlueArc, which has raised over $100 million, has developed a network storage system that can run at gigabit speeds, rather than the industry's current practice of megabit speeds, spokesman Jim Schaff said.

See complete list.