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Link_A_Media raises $18 Million in series C funding
By siliconindia
Bangalore: Link_A_Media Devices, a Santa Clara, California-based provider of data recovery and transport technologies for storage devices, has raised $18 million in series C funding. This round of funding is led by Lightspeed Venture Partners and was joined by the return backers ITOCHU Technology Ventures, Keynote Ventures, SunAmerica Ventures and several strategic partners.
With this latest financing round, the company claims that it will accelerate the bringing of its products to market. "I am very pleased with Link_A_Media's ability to attract new and previous investors to this round. 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," said Dr. Hemant Thapar, CEO and Chairman of Link_A_Media.
With a vision to develop custom, integrated system solutions on a chip for linking digital information within and across different media devices, Link_A_Media Devices was founded in March 2004. "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 hard disk drives (HDD) and solid state drives (SSD)," said Thapar.
Along with the closing of the series C funding, Link_A_Media also adds Chris Schaepe, Managing Director of Lightspeed Venture Partners, to its Board of Directors. "Link_A_Media is leveraging the capabilities of a proven entrepreneurial team with decades of experience in the most sophisticated error correction technologies, which can now be applied to flash memory as well as hard disk drive media. These advances are important given the need for greater storage capacity and lower cost in both enterprise and consumer applications," said Schaepe.
