InMage Systems raises $7.5M of $10.5M round
Jul 24, 2013, 8:47am PDT
Data protection company InMage Systems disclosed this week that it sold about $7.5 million in private equity in a round in which it hopes to sell $10.5 million.
The San Jose company founded by Brocade co-founder Kumar Malavalli and Rajeev Atluri didn't say in the Securities and Exchange Commission filing who the funders are. It did say there were 30 investors involved, though.
It also said that about $5.5 million in the sale involved the conversion of debt.
In addition to InMage's Silicon Valley headquarters, it has engineering operations in Hyderabad, India.
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Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823