Facebook has developed a storage system that packs 1 petabyte of data into a single cabinet filled with 10,000 Blu-Ray optical discs. The company sees potential for Blu-Ray to lower the cost of cold data storage.

Leading technology providers QLogic, LSI, Seagate and Mellanox are contributing storage technology to the Open Compute Project, which is holding its Open Compute Summit this week in San Jose, Calif..

Suzhou PowerCore licenses IBM POWER technology to develop and market chips for servers in China, Cirrascale makes power infrastructure improvements to its BladeRack 2 F-Series platform, and Tolly Group testing finds Fusion-io ioControl outperforms...

SuVolta raises $10.6 million to accelerate growth in its low-power chip technology, SanDisk makes an investment in software-defined storage company Nexenta, and HP's 3PAR storage server help Blood Systems blood bank increase capacity and gain...

Converged Infrastructure solutions provider Nutanix has closed on a $101 million Series D financing, co-led by Riverwood Capital and SAP Ventures. The new funds will help accelerate the company's global expansion, and boost hiring and investments...

LSI powers Oracle Exadata X4 systems with PCIe Flash, StoneFly launches Twin Scale Out NAS appliances, and Juniper responds to a report from Elliot Management on suggestions the hedge fund made on how to improve business.