Aliso Viejo-based Datallegro Inc. added Intel Corp. to its $15 million second round of funding, the company said Thursday.
The company announced its second round of funding last month. Intel joined in to help further product development, according to Datallegro.
Intel is the biggest name yet to kick in money to the startup.
“Closing this round of funding is a milestone for the company,” said Stuart
Frost, chief executive of Datallegro. “With our strong balance sheet, management team and technology, we are confident that we will be able to
meet our long-term goals.”
The round was led by Austin-based Adams Capital Management, with prior
investors Santa Monica-based Palomar Ventures and Venrock Associates of
Menlo Park taking part.
Datallegro sells a data storage appliance with its proprietary software on it. The company tunes and configures the software for optimal performance with the hardware.
The company hopes to offer its software along with data storage computers
made by other companies. The company’s software is made to be installed in a
company’s server room.
The company’s software is designed to work with database applications made
by Oracle Corp. and others.
Frost has headed a startup before. He founded Britain’s Select Software
Tools Ltd. in 1988, which he led to a public offering in 1996. He left the
company after it went public.
He has a degree in computer engineering from Nottingham University in
England and began his career in 1983 as a programmer and systems analyst.
