Storability scores $30 million

By Dawn Kawamoto
Staff Writer, CNET News

Storability announced on Monday that it received a $30 million second round of funding, led by Sprout Group and Technology Partners. Other investors included Lee Munder Venture Partners and previous investors Battery Ventures, Madison Dearborn and Lightspeed Venture Partners. The Southborough, Mass.-based company provides software designed to allow companies to manage their local data storage remotely. Storability has raised a total of $48.5 million.

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