Coraid’s modular, scale-out approach has helped service providers as well as enterprises have a better methodology to deploy storage for cloud architectures. The company’s Ethernet storage technology has a well-documented track record in large-scale cloud architectures, providing a lower TCO.
Coraid has spent the last year focused on expanding the experience level of its leadership team to include Dave Kresse as CEO, Stewart Grierson as CFO, Keith Carpenter as vice president of worldwide sales, and Gail Boddy as vice president of human resources. The company also secured access to $29.3 million in additional financing in December of 2013.