Tuesday, 24 May 2016
Last updated 27 min 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.”