Investors Target Solid-State Storage

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.”

The most recent example is XtremIO, which just closed an A-round investment with JVP and Giza, leading Israeli VC funds. The value of the investment was not disclosed.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note