Maxta, developer of the virtual machine-centric storage platform MxSP, has closed a Series B round of financing at $25 million. The round was led by Tenaya Capital and Intel Capital with existing investor Andreessen Horowitz also participating. The funding will be used for general business operations, including product development and expansion of marketing and sales.
Maxta has received a to-date total of $35 million in financing, including a $10 million Series A round in July of 2011 that gave the company a valuation of over $39 million. The company's storage platform, MxSP, delivers VM-centric enterprise-class data services to support advanced capabilities such as live migration of virtual machines, dynamic load balancing and disaster recovery.