GreenBytes Raises $7.5 Million in Venture Capital - Ashaway, RI

GreenBytes, an Ashaway-based developer of data storage technology that was founded last September, has disclosed in a filing with the Securities and Exchange Commission that it raised $7.5 million in venture capital from a single investor, which was not disclosed. greenBytes has developed a storage system that allows large organizations to manage their data “more economically, effectively and Ecologically.” The company says its software, in combination with open technologies, create a storage system that dramatically reduces power consumption and increases density, allowing companies “to reduce the carbon footprint of their information.”

http://www.green-bytes.com