{"id":39123,"date":"2009-11-10T06:51:37","date_gmt":"2009-11-10T11:51:37","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55158"},"modified":"2009-11-10T06:51:37","modified_gmt":"2009-11-10T11:51:37","slug":"sandforce-raises-21-million","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/39123","title":{"rendered":"SandForce Raises $21 Million"},"content":{"rendered":"

\"\"<\/a>SandForce Inc.<\/strong>, a Santa Clara, Calif.-based developer of flash solid-state drive processors, has raised $21 million in Series C funding. TransLink Capital<\/strong> led the round, and was joined by fellow new investors UMC Capital, LSI Corp., Red Maple Ventures, Darwin Ventures and A-Data Technology. Return backers included DCM, Storm Ventures and unnamed “tier-1 storage OEMs.”<\/p>\n

PRESS RELEASE<\/span><\/strong><\/p>\n

SandForce. Inc., the pioneer of SSD (Solid State Drive) Processors that enable commodity NAND Flash deployment in enterprise and client computing applications, today announced that it has closed $21 million in Series C funding. Led by new investor TransLink Capital, the round also included new investors UMC Capital, LSI Corporation, Red Maple Ventures, Darwin Ventures, and A-Data Technology as well as all of the existing SandForce investors .DCM, Storm Ventures, and Tier-1 storage OEMs.<\/p>\n

\u201cWe have made rapid progress into the marketplace since our launch just six months ago, and we are now shipping silicon to top-tier SSD OEM customers,\u201d said Alex Naqvi, president and CEO of SandForce.\u201c This new funding will help us through our expansion phase as well as accelerate our new products development that will help us maintain our market leadership.\u201d<\/p>\n

The patent-pending SandForce DuraClass. technology is a set of flash memory management features that enable MLC-based SSDs that deliver world-class reliability, performance, and power efficiency. Current SandForce SSD Processor products include the SF-1500 for Enterprise applications and the SF- 1200 for Client applications.<\/p>\n

\u201cSandForce has a breakthrough product that has enabled it to rapidly secure top-tier OEM customers in the enterprise and client computing markets for SSDs,\u201d said Jackie Yang, managing director of TransLink Capital and new member of the SandForce Board of Directors.\u201c We believe that the SandForce DuraClass technology will open the door to high-volume use of SSDs in business computing, and we are very bullish about the company\u2019s future.<\/p>\n

\u201cSandForce is making it practical to use low-cost multi-level cell flash memory in enterprise-class devices,\u201d said Ross Katchman, head of corporate development at LSI. \u201d As a leading provider of storage and networking technologies, we believe that flash has an important role to play in the enterprise and that SandForce is well positioned to further the deployment of flash-based solutions.\u201d<\/p>\n

We\u2019re Hiring Exceptional Talent Today!<\/p>\n

SandForce is actively expanding its technical, business, support and operations staff with qualified individuals looking to transform data storage in a world-class organization. If you\u2019re looking to further your career in a dynamic start-up environment with significant growth opportunities, please view our current list of openings and apply at: http:\/\/www.sandforce.com\/go\/careers.<\/p>\n

About SandForce<\/p>\n

SandForce is transforming data storage by pioneering the use of commodity flash memory in enterprise and client computing applications with its innovative SSD (Solid State Drive) Processors. By delivering unprecedented reliability, performance, and energy efficiency, SSDs based on patent-pending SandForce DuraClass technology unleash the full potential for mass-market adoption of SSDs using NAND flash<\/p>\n

memory. Founded in 2006, SandForce is funded by leading venture capital investors and first tier storage companies.<\/p>\n

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SandForce Inc., a Santa Clara, Calif.-based developer of flash solid-state drive processors, has raised $21 million in Series C funding. TransLink Capital led the round, and was joined by fellow new investors UMC Capital, LSI Corp., Red Maple Ventures, Darwin Ventures and A-Data Technology. Return backers included DCM, Storm Ventures and unnamed “tier-1 storage OEMs.” […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-39123","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=39123"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39123\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=39123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=39123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=39123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}