The company was founded in 2007 by Robert Petrocelli, who previously started and grew a medical information services firm, HeartLab, that was acquired by Agfa in 2005 for $132.5 million.
Investor Sunil Dhaliwal, a general partner at Battery Ventures in Boston who holds a board position at GreenBytes, said of this additional series A investment: “The company has seen strong growth in customers and revenue in the past few quarters. We elected to do a small internal round to maintain momentum rather than spending time with external investors at a critical time.”
The company recently escaped a legal threat from Sun, now part of Oracle, and NetApp as did several other companies whose products and services used Zettabyte File System technology, according to reports by Chris Mellor at The Register.
GreenBytes plans to raise a B-round in the next year.
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Authors: Lora Kolodny