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Gridstore Raises $11 Million

GridstoreGridstore, a storage system company for Windows Servers and Hyper-V has closed a $11 million Series B funding round. The round was led by new investor Acero Capital. Existing investors including GGV Capital, Investec Ventures Ireland, and Onset Ventures, among others also participated. Gridstore says it will use the capital to expand both its geographic coverage and its partner recruitment programs.

Acero Capital’s general partner, Rami Elkhatib, will join the Gridstore board of directors.

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Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.