Banking & Finance  October 7, 2014

SolidFire secures $82 million in funding

BOULDER — SolidFire Inc., a Boulder-based provider of all-flash storage systems for data centers, announced on Tuesday it closed an $82 million round of funding, bringing its total funding to $150 million.

New investor Greenspring Associates, based in Ownings Mill, Md., led the round along with several other major investors.

SolidFire will use the additional funds to extend its global reach and further advance its all-flash storage architecture, the company said in a prepared statement. An all-flash array is a solid state storage disk system that contains multiple flash memory drives instead of spinning hard disk drives. The systems are used in cloud-computing.

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SolidFire also said on Tuesday it has expanded its flagship SF Series product line, unveiling two storage nodes that decrease the cost of entry to the company’s scale-out flash-storage platform. The company did not reveal the amount of savings to customers.

SolidFire’s founder and chief executive Dave Wright said in a prepared statement that the funding will “allow 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.”

Founded in June 2010 in Atlanta, the company moved to Boulder in May 2011 with five employees. SolidFire now employs more than 250 people worldwide and is hiring 30 more. Recently, it opened offices in Australia and Singapore.

 

BOULDER — SolidFire Inc., a Boulder-based provider of all-flash storage systems for data centers, announced on Tuesday it closed an $82 million round of funding, bringing its total funding to $150 million.

New investor Greenspring Associates, based in Ownings Mill, Md., led the round along with several other major investors.

SolidFire will use the additional funds to extend its global reach and further advance its all-flash storage architecture, the company said in a prepared statement. An all-flash array is a solid state storage disk system that contains multiple flash memory drives instead of spinning hard disk drives. The systems are used in…

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