Feeds

Fusion-io gets $45m in C-round

Whopping financial injection

3 Big data security analytics techniques

Rumour Central says Fusion-io just got a $45m-$47m injection of funds in a C-round of investment.

Fusion-io is the supplier of PCIe bus-connected ioDrive and ioDuo flash solid state drives (SSD) using both single and multi-level cell flash. It has recently promoted its co-founder and chief technology officer David Flynn to the CEO spot with previous CEO David Bradford becoming board chairman.

Fusion has an OEM deal with HP and has received funding from flash chip foundry operator Samsung. It has released impressive percentage sales growth figures - though not the actual numbers as it's privately owned and keeps such information quiet.

It was also involved in last week's launch of the NextIO vSTOR multi-terabyte flash product, which shares out its flash to PCIe-connected servers using NextIO's PCIe virtualisation technology.

A Fusion-io spokesperson said: "I can confirm that Fusion-io did close a $45m round of funding."

It was a Series C preferred stock financing, led by new investor Meritech Capital Partners. Other new investors included Accel Partners, Andreessen Horowitz - yes, Marc Andreessen's investing initiative - and Triangle Peak Partners, as well as returning investors, New Enterprise Associates, Venture Partners and others.

Fusion had a $19m A-round in March 2008. This was followed by a $47.5m B-round in May 2009, with the money intended for next-generation SSD technology development. Samsung invested an undisclosed amount in October 2009, with the money being used for SSD technology innovation. Now it has gained another $45m, taking total funding to at least $111.5m, plus the Samsung cash which could total something like $5m to $10m. Let's give Fusion a round figure of $120m funding.

The $45m increase in funds will enable Fusion to both build out its sales channel and further develop its product line. ®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.