Media Storage Provider Nirvanix Raises $12 Million In Equity Financing

B2B digital storage service Nirvanix has secured $12 million in an equity financing led by Mission Ventures and Valhalla Partners, with Windward Ventures also participating in the round. Nirvanix hopes to capitalize on the storage and delivery needs an ever-increasing amount of user-generated content. The San Diego-based company plans to use the proceeds to build out its Storage Delivery Service on an international business. Release

CNET: The company, which launched earlier this month, is trying to position itself as a competitor to Amazon’s (NSDQ: AMZN) Simple Storage Service (Amazon S3). The piece also noted that Facebook is getting into data storage as well.