Thursday, July 25, 2013

SolidFire Raises $31 Million for SSD Systems

SolidFire, a start-up based in Boulder, Colorado, announced $31 million in Series C funding for its all-SSD storage systems designed for large scale cloud infrastructure.

SolidFire's newly launched SF9010 is an all-flash, scale-out storage system designed for large scale public and private cloud infrastructures. At full scale (100 nodes) the SF9010 provides 3.4PB of effective capacity and 7.5 million IOPS.

SolidFire said customers building storage infrastructure from 60TB to 3.4PB can now do so below $3/GB and below $1/IOPS. Along with the SF9010, SolidFire also released SolidFire Element OS Version 5, which adds VMware VAAI and VASA support, full encryption-at-rest without performance impact, and more detailed per-volume and per-tenant performance reporting.

The new financing came from Samsung Venture Investment Corporation (Samsung Ventures) and insiders. Samsung Ventures joined existing investors NEA, Valhalla Partners, and Novak Biddle Venture Partners.

"The SF9010 really highlights SolidFire's storage architecture in action," said SolidFire Founder and CEO Dave Wright. "The system is incredibly flexible and is designed to consume the latest flash technology available.  This enables us, and our customers, to keep pace with the rapid advances in the flash market and take advantage of falling cost and rising density. The SF9010 takes us across the threshold of flash becoming lower than the cost of performance disk."

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