Wednesday, 27 May 2015
Last updated 2 hours 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.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…