Sunday, 29 March 2015
Last updated 1 day 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.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…