ScaleIO joins the pack of pooled storage startups with $12M

ScaleIO, a Palo Alto storage startup that wants to create pools of storage resources using SSDs and existing storage hardware, has raised $12 million in first-round funding from Norwest Venture Partners and Greylock Partners. It joins several other startups hoping to win big in storage.

Elemental gets $13M to sell arms in the online video fight

Elemental Technologies has raised $13 million to expand internationally, but the cool story behind this company is that it is selling its GPU-transcoding servers to everyone from HBO Go to Comcast. This makes Elemental an arms dealer in the war over the future of TV.