Link_A_Media Raises $18 Million in Series C Funding
Date: Wednesday , December 02, 2009
The Santa Clara based Link_A_Media Devices, a developer of data recovery and transport technologies for storage devices, has nabbed $18 million in Series C funding. A new investor, Lightspeed Venture Partners, led this round of venture financing. Other key investors were ITOCHU Technology Ventures, Keynote Ventures, SunAmerica Ventures, and several private investors.
With the current investment, the company plans to accelerate the process of bringing its products to market. Link_A_Media Devices develops semiconductor system-on-chip products for the data storage market. The company develops and manufactures custom chips for peripheral data storage devices. The company had earlier raised $22 million in Series B financing led by AIG SunAmerica Ventures in April 2008.
With a vision to develop custom, integrated system solutions on a chip for linking digital information across different media devices, Link_A_Media was founded by Hemant Thapar in 2004. “The interest we generated from the investment community is a direct reflection of the huge opportunity for the company in the storage markets based on our technology leadership,” affirms Thapar, who is also the CEO and Chairman of Link_A_Media.
Also, the company claims that its data recovery technologies deliver the highest aerial densities, highest drive yields, and lowest power consumption. Those advantages enable hard disk drives (HDD) and solid state drives (SSD) OEMs to continue to meet the growing demand for fast and low cost data storage worldwide in consumer, computing, and storage networking applications.
“Over the past two years, we have begun deploying our technologies into custom system-on-chip products for our customers to enable the next generation products. Strong customer interest in our technology is validating the imminent transitions in data recovery technology trends for peripheral storage devices, both HDD and SSD,” says Thapar. The company with its 88 employees has achieved revenues of $30 million in 2009 and projects $100 million for 2010.