We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Intel invests in online storage firm

Venture capital arm takes stake in Nirvanix

Intel's venture-capital arm has invested in Nirvanix, a San Diego start-up company that offers a scalable online storage service.

Intel Capital said it had invested an undisclosed amount in Nirvanix, which in turn expects to benefit from access to technologies that can improve its service and expand the number of storage nodes it owns.

At the heart of its service is an API (application programming interface) called Nirvanix Web Services that allows developers to incorporate the online storage service in their applications, and can be used by companies to store application data. That service charges customers a monthly rate of $0.18 per gigabyte of data that is stored or transferred. The API allows developers to control the amount stored and the bandwidth made available to the application.

In addition to Intel Capital, Nirvanix investors include Mission Ventures, Valhalla Partners, and Windward Ventures.


IDG UK Sites

Best Black Friday 2014 tech deals: Get bargains on smartphones, tablets, laptops and more

IDG UK Sites

What the Internet of Things will look like in 2015: homes will get smarter, people might get fitter

IDG UK Sites

See how Trunk's animated ad helped Ade Edmondson plug The Car Buying Service

IDG UK Sites

Yosemite tips for beginners: Complete Guide to OS X Yosemite