Last updated March 27th 2017

March 20, 2017 | Israeli storage and data management solutions company Reduxio Systems has raised $22.5 million of its Series C financing in a round expected to reach $32 million. The round, which was led by London-based C5 Capital, more than doubles the capital invested in the company, and will fund continued innovation and global marketing of Reduxio’s software-defined storage platform. All previous investors, including Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology participated in this financing round. Reduxio CEO Mark Weiner, CTO Nir Peleg, and VP R&D Amnon Strasser founded the company in 2012 at the JVP Media Quarter in Jerusalem. The company has 80 employees of which 50 are in its Israel offices in Petah Tikva. Reduxio also has offices in San Francisco.