BA VP led the latest round bringing the total financing to $113M.
Update 3.07:
MaXXan Systems has a new name and a new focus.
The intelligent storage switch start-up now goes by the name of CipherMax and is focusing on storage security solutions. To help with the transition, CipherMax has closed on a $10 million funding round, led by U.S. Venture Partners, Venrock Associates and Scale Venture Partners (formerly BA Venture Partners).
"The convergence of storage, security and networking has created the need for a storage security solution that can be deployed within SANs," said Ray Kao, chairman and CEO of CipherMax. "Our domain expertise in storage networking has given us unique advantages in developing a unified storage security solution that is scalable, reliable, cost-effective and easy to deploy for enterprise customers."
Jon Oltsik, security analyst at Enterprise Strategy Group, said CipherMax has developed "a storage encryption solution with enhanced scalability and flexibility that uniquely simplifies device and key management for encrypted data."
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