Israel storage company Reduxio raises funds from Seagate, Intel

TEL AVIV (Reuters) - Israel's Reduxio Systems, a developer of computer storage technology, raised $15 million in a funding round led by Seagate Technology Plc , the company said on Monday. Storage company Seagate was joined by existing investors - Israeli venture capital firms Jerusalem Venture Partners (JVP) and Carmel Ventures - as well as by Intel Capital, the VC arm of Intel Corp . This comes just one year after Reduxio raised $12 million. The company will use the funds to accelerate product development and support marketing. "Seagate's investment ... ...



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