A Californian tech firm that is backed by Dublin funder Atlantic Bridge Ventures has raised $17 million in fresh funding as it hopes to break into the Chinese market.
Atlantic Bridge, the venture capital firm backed by businessmen Dermot Desmond and Denis O'Brien, participated in the fundraising round at Maginatics, a storage software firm.
The deal closed last week and has seen a number of new investors, including Intel Capital, inject funds into the firm.
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