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Avon’s Terascala Inc., a maker of storage systems for high performance computing centers, has raised $2 million in a new round of funding through the placement of equity options, according to federal documents.
Ascent Venture Partners is the only investor listed on the latest form filed with the U.S. Securities and Exchange Commission.
Terascala landed its first round of funding in 2007, a $3 million round, also from Boston’s Ascent Venture Partners.
In 2008, Terascala announced a new customer in the U.S. Department of Energy’s National Renewable Energy Laboratory in Colorado, which is using Terascala’s hardware to store vast amounts of research while also making it accessible to other organizations outside the agency.
Terascala was founded by Larry Genovesi and Bill Elliot, who also co-founded Network Engines Inc. That Canton company went public in 2000 with a $117 million initial public offering. Network Engines, which makes servers for content delivery, changed its name officially to NEI in March of 2008.
While Genovesi is still CEO of Terascala, Elliot, who was serving as COO, is no longer listed on the company’s website under either management or the board of directors.
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