November 27, 2007 1:29 PM PST

Xiotech nabs $40 million in funding

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Xiotech announced Tuesday it received $40 million in a funding round, led by Steve Luczo, Seagate Technology's chairman.

Xiotech, a data storage company, will use proceeds from the investment round to bring so-called advanced storage architecture technology it acquired from Seagate to market. Xiotech also announced that Luczo will sit on its board of directors.

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3 comments

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XIOTECH INFUSION OF CASH
Who cares?? Xiotech has crap technology and everyone knows it. They should have been put out of business a long time ago.....
Posted by phtx (1 comment )
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Yeah, those stupid billionaires
If they would just listen to a genius like you they might be able to make something of themselves one day. Please, more sage advice, maybe they'll come to their senses, quit investing in "crap" technology, and be successful like you! How's your Compellent shares doing there twinky boy?
Posted by kmbfa (1 comment )
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Not a clue
Such a statement indicates that you really don't have a clue.
Posted by arosesharp (1 comment )
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