ProStor Gets $12.2M

Boulder, Colorado-based ProStor Systems has completed a new round of venture funding, worth $12.2M, the firm said today. The company said that it raised a new Series B funding round led by Sutter Hill Ventures. The funding also included existing investors New Enterprise Associates and Boulder Ventures. ProStor will use the funding to develop and sell its removable disk storage, and to expands its marketing and branding efforts. Ron Bernal of Sutter Hill will join the company's board as part of the funding. More information »