Sunday, April 18, 2010

Fusion-io Raises $45 Million for Next Gen Flash Memory

Fusion-io, a start-up based in Salt Lake City, Utah, raised approximately $45 million in a Series C funding for its new flash-based solid-state memory.

Fusion-io's solid-state storage technology aims to close the gap between processing power and storage needs at a lower cost than traditional disc-based storage. The company's ioDrive integrates with servers at the system bus and kernel level, creating a new Flash memory tier. It easily outperforms SSDs and currently scales to 320 GB.

The funding was led by new investor, Meritech Capital Partners. Also participating in the round were new investors, Accel Partners, Andreessen Horowitz and Triangle Peak Partners, as well as returning investors, New Enterprise Associates (NEA) and Lightspeed Venture Partners, among others.

  • Steve Wozniak serves as Fusion-io's Chief Scientist.

See also