Xiotech nabs $40 million in funding

Xiotech announced Tuesday it received $40 million in a funding round, led by Steve Luczo, Seagate Technology's chairman.

Xiotech, a data storage company, will use proceeds from the investment round to bring so-called advanced storage architecture technology it acquired from Seagate to market. Xiotech also announced that Luczo will sit on its board of directors.

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3 comments (Page 1 of 1)
XIOTECH INFUSION OF CASH
by phtx November 28, 2007 9:15 AM PST
Who cares?? Xiotech has crap technology and everyone knows it. They should have been put out of business a long time ago.....
Reply to this comment View all 2 replies
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