SolidFire receives $82M in new funding, will use to extend global reach and advance technology

By: Steve Wednesday October 8, 2014 0 comments Tags: Boulder, Dave Wright, SolidFire

 

SolidFire logoBOULDER - SolidFire, a leader in all-flash storage systems built for the Next Generation Data Center, has closed on an $82 million Series D funding round, bringing its total funding to $150 million, the company announced.

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 said it will use the new funding to extend its global reach and advance its all-flash storage architecture.

The company also announced the expansion of its flagship SF Series product line, unveiling two new storage nodes that it said will dramatically decrease the cost of entry to the company's scale-out flash storage platform.

The SF2405 and SF4805 nodes are the third-generation of SolidFire hardware to be released since the platform became generally available in November 2012.

Both new nodes can be seamlessly integrated with any current SolidFire platform, the company said, delivering the full SolidFire feature set including guaranteed Quality of Service, complete system automation and scale-out storage design.

"Additional funding allows us to continue to extend SolidFire's technical advantages over the competition and will deepen our sales, marketing and channel enablement to meet the growing global demand for SolidFire's leading all-flash storage architecture," said Dave Wright, company founder and CEO.

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