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Chevy Chase-Based NEA Leads $23.6 Million Round for Igneous Systems

05/08/2014
New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has led a new $23.6 million round of funding for Seattle-based data center infrastructure startup Igneous Systems, the company announced.Madrona Venture Group, Redpoint Ventures and Isilon Systems co-founder Sujal Patel also took part in the company's first round, which the company will use to bolster product development and expand its engineering and leadership teams. Led by CEO Kiran Bhageshpur, previously the vice president of engineering at EMC, Igneous is developing cloud-based infrastructure for data centers. 

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