|funding stories from the
|Liqid gets $10 million in
Series A funding for PCIe fabric management platform|
|Editor:- May 10, 2017 - Liqid today
it has secured $10 million in Series A funding led by Marker Hill Capital. Along
with previous seed funding from
Phison Electronics, ABR
Capital Management and DH Capital, the company has now raised $20 million|
|SMART files for IPO|
|Editor:- May 1, 2017 - the parent company of
Technologies today announced that it has
a registration statement on Form S-1 with the U.S. Securities and Exchange
Commission ("SEC") relating to a proposed initial public offering of
its common stock. |
SMART has applied to list its common stock on the
NASDAQ Global Market under the ticker symbol "SGH."
another $33 million funding|
|Editor:- April 11, 2017 - Tegile today
$33 million in additional funding which was led by Western Digital and
current investors such as Meritech Capital, Capricorn Investment Group, and
Cross Creek Capital. With this financing, Tegile has raised a total of $178
million to date. |
joins investors in Avere Systems|
|Editor:- March 21, 2017 - Avere Systems today
the closing of a $14 million Series E funding with participation from existing
investors Menlo Ventures, Norwest Venture Partners, Lightspeed Venture Partners,
Tenaya Capital and Western Digital Capital and new investor Google Inc. |
new investment brings Averes total funds raised to $97 million, and will be used
to expand the companys hybrid cloud product offerings so that more organizations
can easily take advantage of the public cloud.
A year ago
Avere announced it had been named "Google Cloud Platform Technology
Partner of the Year" for 2015.
million to support Kaminario's outlook|
|Editor:- January 10, 2017 - Kaminario today
it has secured $75 million in a new round of financing, bringing the company's
total funding to $218 million. |
The company which is privately owned
and doesn't disclose revenue says "Hundreds of customers rely on Kaminario
K2 to power their mission critical applications and safeguard their digital
Kaminario has changed the internal make up of its flash drives (form
factors, interfaces and components) in its arrays many times and has said in
the past that its systems are based on an SDS model.
Today's news of
continuing investment in the company seems to be a bet that whatever the
enterprise memory systems market of the future might look like any
vendor which can grow its sales through multiple transitions of raw technology
uncertainty is valued.
June 2012 -
when writing about Kaminario's long range philosophy about the SSD market I said
they were a rare example of a systems company which had good roadmap symmetry
(having an architecture and software which was not closely tied to the
advantages of any particular memory type or SSD form factor - but which could
plausibly leverage future market improvements in SSDs with smaller bumps than
vendors who had over optimized their systems to leverage transient technology
This is as much about choosing the
applications and segments as designing the business plan. Because some
customer segments are so price and performance sensitive that only well
adapted memory systems can compete and sell in such applications.
always comes back to
in the end.
amassed $110 million funding for NRAM|
|Editor:- December 8, 2016 - Nantero today
the closing of an over $21 million financing round bringing the total
invested in the company to over $110 million. |
Nantero currently has
more than a dozen partners and customers in the consumer electronics, enterprise
systems, and semiconductor industries actively working on NRAM. The new funding
will enable the company to support these partners in bringing multiple products
into the market, while also enabling new customers to begin development.
later blog -
set to spark a 'holy war' among memory technologies (January 12, 2017 on
ComputerWorld) discusses the 16
years history of NRAM and quotes a
from BCC which said that NRAM now
has the potential for mass customization.
14 years of "MRAM
will soon replace flash"
|series C for Diablo's
Memory1 and DMX software|
|Editor:- August 2, 2016 - Diablo Technologies
it has secured $37 million across 2 phases of an oversubscribed round of Series
C financing. |
New investors Genesis Capital and GII Tech Ventures
joined the second phase of the round, along with follow-on investments from
Battery Ventures, BDC Capital, Celtic House Venture Partners, Hasso Plattner
Ventures and ICV.
Editor's comments:- that's kind of
interesting - but much more interesting from my perspective was what I learned
in a 1 hour conversation with the company last week about the software for their
Memory1 (flash as RAM) product. ...read more in SSD software
|new funding for endurance
|Editor:- March 29 , 2016 - NVMdurance
it has completed a $2.5 million Series A round of financing. Existing investors
New Venture Partners, ACT Venture Capital, Enterprise Ireland and NDRC have
invested bringing total funding to $2.77 million.|
financing builds on an exceptional year from NVMdurance which saw its first
customer announcement with
Altera (now part of
Intel)" said Steve Socolof
of New Venture Partners LLC. "The NVMdurance software increases the number
of program-erase cycles in Altera's FPGA-based storage reference design by up to
7x times compared to existing NAND flash implementations."
comments:- NVMdurance says the power behind its endurance stretching IP is
the use of offline machine learning software that automatically learns the
optimal parameter settings for the NAND device.
There was a
young lady called Prudence, Was worried 'bout flash's endurance
closes $55 million funding round|
|Editor:- March 15, 2016 - Pivot3 today
it has closed a $55 million equity and bank financing round funded by
Argonaut Private Equity and S3 Ventures.|
Among other things Pivot3 will
use the funding to integrate the NexGen QoS capabilities with Pivot3s leading
hyper-converged, highly usable capacity, fault tolerant solutions.
funding and a new CEO for Diablo|
|editor:- January 12, 2016 - Diablo Technologies
it has secured an additional $19 million in Series C funding - which will
be used to further accelerate customer deployments via expansion of sales,
applications support and R&D.|
In addition, the company announced
that industry veteran Mark Stibitz
will serve as the company's Chairman and CEO. He brings extensive business
management, global market, and product development experience from across
start-up and public companies including
Agere Systems and Lucent/AT&T-Microelectronics.
co-founder and previous CEO, Riccardo
Badalone, has been appointed the technology-centric and customer-facing
role of Chief Product Officer.
Editor's comments:- Diablo
needed a corporate adrenaline shot.
While the company last year had
accustomed its pace to the slow lane timetable of judges and courts -
competitors from many different quarters fired up their own alternative
smoke and mirrors DIMM war flags of convenience. This has diverted
attention away from Diablo which no longer has the sheen and lure of
first mover advantage.
invests in Netlist|
|Editor:- November 19, 2015 - Netlist today
how it's going to enter the storage class memory SSD DIMM wars market. This by
way of a 5 year joint development and license with Samsung which also
brings to the table $23 million of funding. The companies expect to sample
products in 2016.|
2015 was a
signficant kick-start year for the server memory market.
retiering enterprise DRAM was one of the three big SSD ideas of the year.
|Mangstor gets $10 million
series B funding for fastest NVMe flash SSDs|
|Editor:- September 17, 2015 - Mangstor today
it has closed $10 million in Series B funding which will be used to fuel
growth in sales and engineering and business development. |
Editor's comments:- last week I had a 90 minutes one on one with
CEO and co-founder of Mangstor
which we spent talking about gaps in the enterprise SSD market, Mangstor's
technology and the competitive positioning of its PCIe SSDs and systems. You
can see some of our discussion topics in their profile page.
|Crossbar gets $35 million
series D funding |
|Editor:- September 14, 2015 - Crossbar today
it has completed a $35 million Series D funding round bringing total
investment to $85 million to date. |
Crossbar plans to use the funds to
continue the commercial ramp of its
RRAM NVM memory
technology which is based on a simple device structure using CMOS friendly
materials and standard manufacturing processes. It can be stacked in 3D, making
it possible to combine logic and memory onto a single chip at the latest
Crossbar is currently working with beta customers to
bring products to market in 2016.
|what can we learn from Pure
Storage's IPO filing?|
|Editor:- August 14, 2015 - Pure Storage
needs more funds to continue its current growth strategy in the
rackmount SSD market.
The reasons become clear in the details revealed in the
S-1 which the company registered recently with the
SEC for an IPO.
interpretation is that the company's R&D and sales and marketing costs have
been disproportionately high relative to their revenue - judged by steady state
market standards. However, if you choose to assume that the company's revenue
will continue to grow rapidly - then these front end loaded losses are not
dissimilar to what we have seen in many previous enterprise SSD IPOs.
Interesting things which emerge from Pure's S1.
- Pure Storage's revenue in the year ending January 31, 2015 was just under
- Pure Storage has over 1,100 customers. And coincidentally - 1,100
employees. (Is 1 to 1 a sustainable ratio?)
Maybe because of that Pure
has a good story to tell about repeat business - although warns that this is
based on a short history of 27 months of selling systems and that things could
- silliest statement in the S-1:- "We have pioneered the all-flash array
make decisions based on all kinds of criteria and sometimes these don't make
sense to anyone else - or even to the same person when looking back later. So
I'm not going to speculate on the gambling aspects of the IPO.
- most profound statement in the S-1:- "The market for all-flash
storage products is rapidly evolving, which makes it difficult to forecast
customer adoption rates and demand for our products."
this is a useful opportunity to remind you that in the timeframe of the next 3
to 5 years there will be a great deal of market change and consolidation in the
enterprise flash array market for reasons and with possible transformation
paths which I wrote about in
So if I'm trying to figure out the strengths and
weaknesses of how a company like Pure Storage might morph and survive into that
kind of future market my guesses would hinge around these factors:-
- hardware:- companies like Pure (and most others too) will be buying all
their hardware boxes from 3rd parties in the future. Pure's hardware IP is
minimal today. But this doesn't matter so much.
Of course I'm posing these questions knowing that reliable answers
are unknowable. But despite all the uncertainty the beauty of the competitive
capitalist free market system is that useful stuff still gets done and when
companies become publicly owned the market provides real time feedback of what
- software and marketing:- these are the things which will matter.
has demonstrated that it can sell systems - although it's hardly unique in
that. And while Pure is currently a small and costly sales channel compared to
the rest of the market it competes with - some longer established competitors
are much worse.
So the question is - can its software (its real core
asset) stand up competitively compared to new upcoming generations of
industry standard enterprise flash management software which will become the
And an equally important question related to software - is what
proportion of the future flash array market will actually need to be backwards
compatible with legacy architectures?
That after all is the main point
of Pure's business model today.
So you might think about scaling
back down the IDC numbers
mentioned in the S-1 or look at the detail or - better still -
disregard them if you're looking at TAM for Pure style flash arrays.
|Virtium gets growth
|Editor:- August 5, 2015 - Virtium today
it has received an (undisclosed amount) growth investment from
L Squared Capital Partners which the
company says "will be used to enhance Virtiums product portfolio and
strengthen its application engineering and SSD firmware development teams."|
comments:- In the past year or so Ive spoken to a bunch of investors who
said they were looking at
I can't tell you who they were or if this was one of them. But the
general impression I got was this.
Adding together a lot of small
rational investments in
long term relationship markets like industrial SSDs is an alternative
strategy to gambling on a small number of risky big technology bets.
The big bets are risky because bigger monolithic market opportunities for
standard products attract and suck in more competitors - which - with low
entry barriers and customer churn - can tend to rapidly invalidate the
initial investment assumptions.
|Nantero gets $31 million
funding for 300º C nvram|
|Editor:- June 2, 2015 - Nantero today
a $31 million Series E financing round for its
NRAM technology which the company
says is scalable to below 5nm and which has >1,000 years retention at 85
C or more than 10 years at 300 C.|
|Hedvig has $30 million to
fix broken SDS market|
|Editor:- June 1, 2015 - Hedvig - which operates
in the SDS market - today
an $18 million Series B funding round (bringing the company's total funding to
date upto $30 million).|
Hedvig's founder - Avinash Lakshman -
who is credited with building some of the most successful distributed systems in
the world, including Amazon Dynamo, the foundation of the NoSQL movement, and
Apache Cassandra for Facebook said - "Weve identified the potential in a
broken and fragmented storage market, and are not only looking to bring
software-defined storage mainstream, but fundamentally change how companies
store and manage data.
|Tegile gets another $70
|Editor:- May 27, 2015 - Tegile today
it has closed a $70 million Series D funding round bringing the companys
total capital raised to $117 million. |
3 new investors, Capricorn
Investment Group, Cross Creek Advisors and Pine River Capital Management, join
existing investors August Capital, Meritech Capital Partners,
Western Digital and
SanDisk to fund the
Since shipping its first hybrid storage array in
Tegile says it has deployed more than 1,500 systems.
all flash SSD nodes to its hybrid mix|
|Editor:- May 20, 2015 - Coho Data today
it has closed $30 million in Series C funding, bringing its total funding to
nearly $67 million. |
The round was led by March Capital Partners, with
additional participation from HP Ventures and Intel Capital as well as existing
investors Andreessen Horowitz and Ignition Partners.
Coho Data also
announced the general availability of its first all-flash storage node, the
2000f a 2U server based system which uses
2.5" NVMe SSDs
and conventional SATA
Coho says that using a judicious mix of its variously
(which includes micro-tiered
hybrid systems as
well as the new pure SSD nodes) "empowers customers to efficiently support
any application at any scale, all from a "single pane of glass"
management interface, and all at less than $0.10/GB usable per month."
seed funding for NVMe related IP? |
|Editor:- May 20, 2015 - Liqid today
announced that it has
secured $5.7 million in seed funding led by
Phison Electronics, ABR
Capital Management, and additional investments aggregated by DH Capital. |
financing round will be used to advance research and development as well as to
help accelerate time to market.
|Infinidat gets $150 million
series B funding for high availability petabyte scale hybrid storage|
|Editor:- April 29, 2015 - Infinidat (which
operates in the petabyte scale
hybrid storage appliance
a $150 million series B investment led by TPG Growth - which brings the
companys total funding to $230 million.|
Digital invests in Skyera's MRAM supplier|
|Editor:- January 26, 2015 - Western Digital's
investment unit was among the investors in a $29 million series B funding
round in Everspin
President and CEO of Everspin said "With a leading worldwide foundry and
storage customer participating in Everspins Series B investment round, the
entire industry spectrum is acknowledging ST-MRAM as the leading contender to
drive beyond the limits of current mainstream memory."
comments:- Everspin's MRAM is
tier of the non volatile caching technology used in
Skyera - and my guess is that this investment in Everspin is to take out some of
the risk of future availability of these memory parts at a time when an assured
supply at higher volume may soon be needed.
|Kaminario gets another $53
|Editor:- December 2, 2014 - Kaminario today
it has closed an oversubscribed $53 million financing round, bringing total
raised capital to $128 million. Kaminario says it will use the new investment
to accelerate business growth. |
Editor's comments:- Kaminario
rose 3 places compared to the previous quarter - in the recently published
Top SSD Companies in
|SolidFire gets another
$82 million funding|
|Editor:- October 7, 2014 - SolidFire today
it has closed an $82 million Series D round of funding, bringing its total
funding to $150 million. |
New investor Greenspring Associates led the
round along with a major sovereign wealth fund, with participation from current
investors NEA, Novak Biddle, Samsung Ventures and Valhalla Partners. SolidFire
will use the additional funds to extend its global reach.
building blocks of SolidFire's SSD systems are 1U
iSCSI rackmount SSDs
which include 10x 2.5"
SSDs. At that level it's the same as 100 or so other competing systems.
If you want fibre
channel access - you add a special 1U adapter rack to the native IP array.
So it's expensive - but keeps the unit costs of the most common building blocks
down - compared to including native unified storage in each rack. So in the case
of a big installation - it's a reasonable cost optimization tradeoff.
key difference is
software architecture and the fact they use a
architecture type of RAID
- which they call "no-RAID".
In SolidFire's no-RAID (which
is really big RAID) - the data is more widely dispersed across the drive
population than in classical (small architecture) RAID.
is much less disruption to data access and
performance when a drive
because SolidFire's software can manage upto about 100 racks as a raw storage
resource (1,000 SSD drives) - so the impact of a single drive down is small.
Users also have a high degree of flexibility as to how they micro manage
different virtualized segments of storage to meet their different QoS goals.
will SanDisk really get from Fusion-io?|
|"the ability to get more enterprise
petabytes out from the same raw flash chips in - by shipping it through better
architecture - is a more significant business factor in the flash memory market
today than the ability to do another cell geometry shrink - or to add a few more
toppings on the 3D pizza "|
...read more in Fusion-io's
(extracted from SSD news editorial - June 17, 2014)
| Pure Storage's funding
coffers fattened up to nearly $0.5 billion|
|Editor:- April 23, 2014 - Pure Storage
it had raised another $225 million in funding - bringing the total in all
rounds to $470 million.|
Editor's comments:- One of Pure
Storage's many competitors - Nimbus
- whose CEO has taken a different approach to funding (so far) - this week
published an unflattering
side by side features comparison between the 2 company's flagship rackmount
| another $13 million for
|Editor:- February 17, 2014 - A
in SiliconAngle.com - shared from the linkedin page of Primary Data's CMO
- Rick White -
says that Primary Data (which is still in stealth mode) has secured another
$13 million funding - bringing its total funding up to $63 million.|
|"Over and above the
competitive pressures in the PCIe SSD market - Fusion-io's business
suffered from self inflicted problems too." |
|the Top SSD Companies -
Q4 2013 (January 31, 2014)|
|"This IBM rackmount
SSD - evolved from the TMS RamSan - has possibly been generating about $500
million of revenue in the past year - which explains where some of the revenue
missing from competitors' financial reports may have gone to."|
|It's IBM Jim - but not
as we know it (January 16, 2014)|
|Rick and Dave's new stealth
mode enterprise SSD company - Primary Data - gets $50 million initial
|Editor:- November 11, 2013 - you may be asking
yourself - how does a company founded less than 6 months ago - and which
doesn't say anything much on its web site - manage to attract $50 million in
its first external funding round?|
The answer is given by one of these
investors, Ping Li
at Accel Partners - who - in the recent
funding press release - said Primary Datas biggest asset is its team of
recognized pioneers in the storage industry. Their technical strength and
remarkable experience in successfully bringing disruptive technologies to market
will help to solve a number of data virtualization and mobility problems.
- who's Primary Data?
- Primary Data, founded in 2013 and
with operations in Salt Lake City, Silicon Valley and Israel - is developing
next generation data virtualization and mobility technologies to manage how
information is stored and shared globally.
now if you've been researching this - you'll see that I haven't actually told
you any new details about Primary Data which you couldn't already have learned
from seeing the public statements which the company has dispersed in various
places on the web.
- what are they up to? - (best guess)
SSD software which
will change the economics of
cloud servers and
storage by disruptively improving the utilization
performance of virtualized apps servers.
One of the peculiarities about stealth mode
companies is they do need to talk to people to get things done - but they also
need to control the flow of information about what they reveal for various
reasons - not least of which are:-
- they don't want to alert competitors
week I was talking to the founder of yet another stealth mode SSD company -
whose web site says a little bit more than that of Primary Data - but I can't
say who he is yet either.
- they might change the details and direction of what they do
I can tell you what he told me, however,
which is this...
He had to launch his minimalist web site some time
before he would have ideally liked to - because some of his early customers
have policies which mean they can't make payments to a company which doesn't
have a web site.
Going back to Primary Data - I think I can safely
I confidently predict that when Primary Data does formally
exit stealth mode and launch its new products - it will join an elite band
of SSD companies (Fusion-io,
Skyera) in entering
the Top SSD Companies
List within a single quarter. (If not before).
|the SSD IPO
saga turns to Nimble|
|Editor:- October 18, 2013 - Nimble Storage has
S-1 documents for an IPO from which we learn the following things.
- Nimble has 1,750 end-customers
Editor's comments:- unlike
Violin which IPOed
recently, Nimble's rackmount systems are primarily
caching hybrid arrays.
Although this is another very crowded market segment within the
enterprise SSD product
continuum - Nimble has a clear positioning message which is...
- Nimble had $50 million revenue in the 6 months ending July 31 - at which
time it also had 464 employees
mission is to provide our customers with the industry's most efficient
I like that wording - because exactly a year
ago in my home page blog here on StorageSearch.com - my theme was
internecine SSD competitive advantage.
PS - If you're researching
Nimble (Storage) then please be careful not to get them mixed up with Nimbus
Nimbus's CEO told me recently he'd prefer it if I always
expanded "Nimbus" to "Nimbus Data" - so that
people don't get Nimbus confused with Nimble.
This malapropism isn't
something which I had considered before.
I replied that in the
unlikely event that serious customers (as opposed to casual readers) ever did
get confused - the solution would be for one of the companies involved to
change their name.
|wonder why all big SSD
users will pedal back their buying? |
|Editor:- October 8, 2013 - Before you make that next presentation about
what's happening in the business world of enterprise flash, or before you
commit to any future datelines for hard drives being sold into the
enterprise you'd be well advised to
meet Ken and the enterprise SSD
software event horizon - the (long anticipated) new home page blog on StorageSearch.com.|
$150 million for Pure Storage |
"the fastest growing storage company
|Editor:- August 29, 2013 - Pure Storage
that it has closed an oversubscribed $150 million Series E funding round with
institutional investors which brings the companys total capital raise to $245
million. The company has shipped hundreds of units of its FlashArrays
(fast-enough rackmount SSDs) to a diverse global customer base and claims
it's one of the fastest growing storage companies in the industrys history.
Editor's comments:- in 2001 I started an annual series which
listed the fastest growing
storage companies - based on revenue growth. I ended the series in 2007/8
when the credit crunch kicked in. But you can still see many of the archived
In the last year of the series there were 3 storage
companies which reported over 300% year on year revenue growth. Today Pure
Storage is hinting that its year on year revenue growth is north of 400%.
|Tegile says its sales
exceed its VC funding|
|Editor:- August 13, 2013 - Tegile Systems (which
operates in the SSD ASAP
the closing of its $35 million Round C funding led by late-stage venture firm
Meritech Capital Partners with
additional investment by original stakeholder
August Capital and strategic partners
Editor's comments:- Tegile says that unlike some other
VC funded companies
in this market space which have lived mostly on investments Tegile has
generated more customer revenue than it has taken in outside financing.
|As you can see from the
types of acquisition which occur most frequently - the recent trend in SSD
company acquisitions has been mostly about buying the capability to design a
better SSD rather than buying a company which already makes a perfect product.
That's because the evolution of - what is an SSD? what it should do? and how
it should fit into the computing infrastructure is still evolving.|
directions in rackmount SSDs - (May 24, 2013)|
|Reduxio gets $9 million
|Reduxio raised $9 million
in its first financing round from Carmel Ventures and Jerusalem Venture Partners
- according to
report in Globes-Online.com.|
|RunCore closes $10 million
|Editor:- March 29, 2013 - RunCore today
has closed $10 million in Series B funding led by OFC (Oriental Fortune
The global solid state storage market is booming, so we
believe that now is the best time to take on board strategic investors to more
rapidly achieve our globalization plans" said Jack Wu, CEO -
|more money for Diablo|
|Editor:- March 19, 2013 - It's
not unusual in the current
SSD market for
some companies to have oversubscribed
rounds - and that was the case recently with Diablo Technologies
it has closed an additional $7.5 million of funding, increasing the total
equity investment of its most recent round to $36 million.
previously announced investors.|
Editor's comments:- Diablo
describes its product as being these categories:- "soon-to-be-announced"
If you're already interested in
InfiniBand or SSDs
in RAM module form factors
(but which unlike the flash DIMMs from memory makers - might actually emerge
from stealth mode attached with a software model) then what Diablo does do
with its Memory
Channel Storage may impact some of your future long range plans.
you - I'm guessing of course. Diablo hasn't ordered any SSD ads yet - although
that $7.5 million would come in handy.
|Samsung allocates $1
billion for big data investments|
|Editor:- February 4, 2013 - Samsung today
it has allocated over $1 billion to invest in big data related business
Editor's comments:- to you and me - $1 billion
sounds like a lot of money - but for Samsung? - really it's small change.
my past conversations with people in the company who think about
strategic stuff - I'm left with the impression of a company which invests a lot
of talent - trying to understand what's going on out there and - to analyze
what macro market factors and changes will impact its semiconductor fabs.
was actually the first multi-billion dollar scale company to publicly recognize
the strategic importance of the SSD market (2005). But
replacing past memory business with new SSD business for many years was a
problem on the scale of bailing out water from the Titanic with bathtub size
Like other big interested entities - Samsung could do little
more than satisfice its engagements in SSD while waiting for the whole SSD
market to get bigger, and the trends to get clearer.
Along the way it
has invested in some SSD IP companies - such as
others like NVELO, and
tried but failed to acquire SanDisk
than simply being seen as traditional return on investments - this type of
activity by Samsung and other semico companies like
Intel - is a way of
ensuring strategic forward visibility into new seedlings in the ecosystems
which surround their core businesses.
|SanDisk invests in WhipTail|
|Editor:- December 13, 2012 - WhipTail today
it has secured $31 million series C funding from a group of investors which
an unnamed "Silicon Valley industry titan".|
Partners, RRE Ventures andSpring Mountain Capital also contributed to this
Series C funding and Silicon Valley Bank provided debt finance.
|Diablo gets funding for
alternative to PCIe SSDs|
|Editor:- November 8, 2012 - as if 400 wasn't
already enough - every week I hear about new SSD companies. |
such - Diablo
Technologies - today
a $28 million funding round.
Storage - which will soon emerge from stealth - may not strictly be PCIe
SSDs - but they will nevertheless affect users and vendors in this market.
| former BlueArc CEO, leaves
HDS to steer Virident|
|Editor:- September 20, 2012 - Confidence
about the prospects for flash in the enterprise, and a firm conviction that
a key player which will make a difference to the enterprise SSD market - set
the tone of the conversation I had on Monday with the company's new CEO Mike Gustafson
who was a few days into his new job and briefing me on Virident's
yesterday about his new appointment and the company's $26 million in Series D
in SSD news|
|Pure Storage announces $40
million funding round|
|In August 2012 -
cranked up the heat on its funding to $95 million with a new
million Series D funding round.|
That's about $1 million of funding
for each system shipped since the company emerged from stealth a year ago.
competitor - based on price - is
Skyera - although
Skyera will have to prove during the next few quarters that their recently
launched technologies work in real world installations before they become a
Toughest competitors - based on impact of established
market presence and reputation - are
Texas Memory Systems,
what's happening now? - see