ONStor Closes Mezzanine Funding Round of $27 Million

ONStor has closed a $27 million mezzanine round of funding. New investor Sand Hill Capital joins existing investors Foundation Capital, Mayfield Fund, ComVentures, and Worldview Technology Partners to support ONStor in this final round of funding. Sand Hill Capital is a leading provider of growth capital to emerging, venture-backed technology companies. The mezzanine round closed with a significant increase in corporate valuation as the company simultaneously announced record results for the second quarter of 2007.

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