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October 8, 2014updated 06 Dec 2016 10:22am

SolidFire raises $82m in pre-IPO funding

International growth and sales channel expansion funded.

By CBR Staff Writer

Flash memory storage maker SolidFire has raised an additional $80m in its series D funding round, bringing its overall funds raised to $150m prior to its planned initial public offering (IPO).

Led by Greenspring Associates, Silicon Valley Bank and an unnamed sovereign-wealth fund, the latest proceeds will be used to support the company’s international growth and spread out sales channel, while focusing on profitability.

Other shareholders who took part in the funding round included NEA, Novak Biddle Venture Partners, Samsung Ventures and Valhalla Partners.

SolidFire founder and CEO Dave Wright said: "Just as flash has disrupted the legacy disk storage market, SolidFire continues to disrupt the all-flash array market by delivering a storage platform that goes far beyond the basics of raw flash performance.

"Additional funding allows us to continue to extend SolidFire’s technical advantages over the competition and will deepen our sales, marketing and channel enablement to meet the growing global demand for SolidFire’s leading all-flash storage architecture."

In addition to the latest funding round, the company has also rolled out the third-generation storage nodes, SF2405 and SF4805, in the SF Series product line.

SolidFire member of board of directors Harry Weller said: "From SolidFire’s top rankings in independent industry analyst reports to its growing list of enterprise customers, SolidFire is shaking up the storage market."

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