back to article Miserly investors toss $11m at storage upstart Amplidata

Is this thin investment provisioning in action? Object storage startup Amplidata has had $11m chucked at it to grow the business – a relatively trifling amount. Amplidata develops and sells the AmpliStor object storage product, which is OEMed as Lattus by Quantum. It uses a component of its StorNext multi-tier file …

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But how much did they ask for?

If they only wanted $11m for what they have planned then that's fine. There's no point in comparing other companies VC funding because of this (VCs don't just toss large sacks of cash at companies and hope, they ask how much they are looking for, what they want it for and does it look like it will pay for that.)

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