Friday, March 24, 2017
Western Digital Backs Avere Systems
Irvine-based storage device maker Western Digital has backed Avere Systems, a developer of a file system for the hybrid cloud. Avere said this week that it has raised $14M in a Series E funding round, which came from Menlo Ventures, Norwest Venture Partners, Lightspeed Venture Partners, Tenaya Capital and Western Digital Capital, along with Google. Western Digital Capital, the venture capital arm of Western Digital, was an existing investor in Avere. Avere is based in Pittsburgh, Pa, and has now raised $97M in total. Western Digital Cdapital has invested more than $250M in more than 20 startups, according to its website.