Monday, September 13, 2010

SandForce Raises $25 Million for SSD Processors

SandForce, a start-up based in Saratoga, California, raised $25 million in Series D funding for its SSD (Solid State Drive) processors. SandForce's chips are designed to overcome data retention issues associated with NAND flash memory, making it possible to build SSDs that deliver unprecedented performance over the life of the drive with orders-of-magnitude higher reliability than enterprise-class HDDs (Hard Disk Drives).


The new funding was led by Canaan Partners. Existing investors who also participated include DCM, Storm Ventures, Translink Capital, LSI Corporation & UMC Capital.


"We are increasing volume shipments of our Enterprise and Client SSD Processors to leading drive manufacturers around the globe and continue to receive exceptional market acceptance of our DuraClass technology in I/O intensive storage applications," said Michael Raam, president and CEO of SandForce. "This new funding will help us bring our next-generation products to market, expand our customer and partner support infrastructure, and accelerate our core technology development that will extend our market leadership."http://www.sandforce.com

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