Media Storage Firm Nirvanix Takes Strategic Investment To Boost European Growth

Nirvanix, a provider of hosted media storage that competes with Amazon’s (NSDQ: AMZN) S3 service, has taken an unspecified strategic investment form the European Founders Fund. The San Diego-based company has previously raised over $12 million, from Intel (NSDQ: INTC) Capital, Mission Ventures, Valhalla Partners and Windward Ventures. The funding will be used to build out its European infrastructure and it expects to take advantage of the funds’ connection to potential European customers. The fund is the vehicle of the well-known investor the Samwer brothers, whose investments include Facebook and LinkedIn. Release.

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