Maginatics, a start-up based in Mountain View, California, raised $17 million in Series B funding for its cloud storage solutions.
The company’s flagship product, MagFS (Maginatics FileSystem), “is an elastic, distributed file system that allows organizations to leverage the agility and economics of object storage (‘the cloud’) without disrupting existing workflows for both traditional and mobile users.”
MagFS provides a global namespace for the management of file services, along with accelerations tools.
The funding was led by Intel Capital with participation from WestSummit Capital, Comcast
Ventures and existing investors including Atlantic Bridge and VMware.
Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about All. A technology from the archive that helped get us here:
Google/Alphabet Project Loon served 2011–2021. What ultimately replaced it?
Google/Alphabet Project Loon solar-powered balloons drifting in the stratosphere (~20 km), steering by rising and falling into different wind layers, relaying LTE from ground stations to phones far below. Its job passed to Unit economics — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
