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NeoScale Systems  Acquired by nCipher (2007 $ 1,950,000 )

1655 McCarthy Blvd.
Milpitas, CA 95035
Website Company Summary Management Team

Outside board: (May no longer be on the board) Jennifer Gill Roberts (Maven Venture Partners Partner) Atul Kapadia (Bay Partners Managing General Partner) Wes Raffel (Advanced Technology Ventures General Partner) Charles Smith (CHS Ventures) Barry Eggers (Lightspeed Venture Partners General Partner)

Business description: NeoScale Systems is a leading provider of enterprise-class security solutions for data storage. The company is bringing to market a suite of products designed to add scalable, high-performance, strong encryption and authentication services that enable organizations to readily achieve storage data confidentiality in a variety of online, nearline and offline storage environments. The resulting solution lowers the cost of protecting highly accessible, distributed storage infrastructures, while also enabling greater efficiencies for the management of storage capacity, consolidation, continuity and availability.
Customers include: California Credit Union ;  J.B. HanauerAndCo. ;  Optica ;  Qsent ;  Storage Continuity ;  U.S. Credit Unions ;  United Airlines;  University of Texas
Partners include: Brocade Communications SystemsCisco SystemsEMCHifnHPIBMLuminexMcDataQlogicQuantumStorageTekVeritas Technologies;  ADIC;  ADVA Optical Networking;  BridgeHead ;  DataDomain;  RSA ;  Spectra Logic

Rounds: 4
Recent Fundings: Mar 2005   Apr 2003
Capital raised: 44.0M
Last Round: 12.0M
Ownership: Acquired by nCipher (2007 $ 1,950,000 )

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Record updated: Nov 2007
Sector: Storage
Year Founded: 2000
Rounds: 4
Recent Fundings: Mar 2005   Apr 2003
Capital Raised: 44.0M
Last Round: 12.0M
Ownership: Acquired by nCipher (2007 $ 1,950,000 )