San Jose, Calif. -- Storewiz, a San Jose-based developer of online storage compression technology, said on Tuesday that it has raised $9 million in its second round of funding from Sequoia Capital. The company said that it will use the funds to aggressively expand its sales and marketing teams worldwide. Storewiz's data compression appliances are designed to help clients maximize their network infrastructure and lower costs. The company moved its corporate headquarters from Maryland to San Jose late last year.
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