Online Media Storage Provider PowerFile Secures $10 Million Third Round

Digital content archiver PowerFile has raised about $10 million in its third funding round, PEHub reported. The Santa Clara, CA.- based company received the funding from Northgate Capital. Return backers Sequoia Capital and Silver Creek Ventures also participated in the round. In February 2006, the company raised $10 million in its second round.

Comments have been disabled for this post