Event Information:

  • Wed

    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.

    The company's previous funding included Intel Capital and Hummer Winblad Venture Partners as investors.

    In addition to InMage's Silicon Valley headquarters, it has engineering operations in Hyderabad, India.

    Click here to read the SEC filing by InMage Systems.

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    Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823

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