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Hardware - Monday, July 2, 2007

Media Storage Startup Fabrik Plans $175M Rev '07

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San Mateo-based Fabrik says it expects to do $175M in reenues in 2007 and pans $400-500M in 2008. Most of this growth comes via its SimpleTech subsidiary which it bought last year for $48M. Fabrik makes software to manage storage drives and has installed the software in SimpleTech devices to make them run smarter. Since 2005, Fabrik has raised $35M from Intel, Comventures and others.

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