Virident raises $21 Million in Series C Funding
Date: Wednesday , November 30, 2011
Virident, a performance leader in flash-based Storage Class Memory (SCM) solutions, today announced it has completed a $21 million Series C funding led by current investor Globespan Capital Partners with strategic investments from Intel Capital, Cisco and a storage solutions provider, along with existing investors Sequoia Capital and Artiman Ventures. The alignment of these strategic investors provides Virident the resources and partnerships to profoundly enhance computing and storage with its high-performance SCM solutions.
Virindent was co-founded in 2006 by Kumar Ganapathy and Vijay Karamcheti, and helps enterprises solve the challenge of poor performance with flash storage solutions that speed up the application performance, ensure predictable performance under various workloads, and are compatible with all servers. “Until now, there hasn’t been a flash storage solution that has proven to deliver predictable high performance over time and across diverse workloads. Virident has changed that, and we believe our technological breakthrough, combined with this strategic alignment with data center leaders, positions us to fundamentally impact IT,” says Ganapathy, CEO, Virident Systems, about the technology of the company.
Virident has raised a total of $50 million in equity funding to date. “The widening performance gap between compute and storage is limiting the ability to cost-effectively scale critical application performance in enterprise and cloud data centers,” says Bryan Wolf, Managing Director, Intel Capital.