Fenwick & West LLP represented Maxta, Inc., a developer of the VM-centric storage platform MxSP™ that turns standard servers into a converged compute and storage solution for virtualized environments, in its recently announced $25 million Series B financing. The round was led by new investors Tenaya Capital and Intel Capital, with participation from existing investor Andreessen Horowitz.
The company will use the new funds to increase its investment in product development and to expand its marketing, sales and support efforts. More information about Maxta’s $25M Series B financing can be obtained from the company press release.
The Fenwick transaction team included corporate partner Cindy Hess; corporate of counsel Brian Hicks and corporate associate Derek Huoth.