ONStor sells for $25M, taking $105M in capital down with it | VentureBeat

ONStor sells for $25M, taking $105M in capital down with it | VentureBeat

VENTUREBEAT.COM - ONStor, the ill-fated maker of data storage equipment for enterprises, has sold to software provider LSI Corporation for about $25 million, a paltry sum compared to the $130 million in venture capital it raised since its founding in 2001.The big losers in the deal are ONStor’s fairly prestigious investors, including Foundation Capital, Velocity Interactive Group, Mayfield Fund and Worldview...

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