Tuesday, 22 July 2014
Last updated 15 sec ago
Nov 16 2009 | 11:06am ET
November has brought with it significant venture capital injections for companies producing solid-state drives (SSDs) for computing storage. The technology’s potential for high-performance, as well as environmental friendliness, are part of the attraction.
The trend was actually apparent in late October, when Samsung invested millions in Fusion-io, a startup that had already received $47.5 million from investors including Lightspeed and Dell Ventures. Fusion-io makes PCI Express-based storage modules for standard servers (pictured right).
Then California-based Link_A_Media Devices, a system-on-a-chip producer for storage devices, raised $18 million in Series C funding led by Lightspeed Venture Partners.
Another California-based storage firm, SandForce, a maker of SSD control chips that boost SSD performance, raised $21 million in a round including existing investors DCM and Storm Ventures, but led by newcomer TransLink Capital, which brought in four new investors. One of these was LSI Corporation, a supplier of disk drive arrays.
Sandforce CEO and President Alex Navqui said the money would be used for “our expansion phase as well as [accelerating] our new products development that will help us maintain our market leadership.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…