Underfunded HCI startup Maxta hits the buffers as VC cash runs out
theregister | January 29, 2019
Exclusive Hyper-converged infrastructure startup Maxta is closing its doors – after being unable to obtain funding and make progress in the face of a solidifying HCI market.We have heard from four sources that Silicon Valley-based Maxta is closing down this week. One source said 65 people were given their final pay checks, and told their healthcare benefits are ending.Two of the other sources added that staff were told of their fate at an all-hands meeting at 3pm on Monday this week – that the biz was shutting up shop, and letting them go with no special payoff packages.