SAN FRANCISCO—Scalable flash memory array vendor Violin Memory Inc. Monday (April 2) announced $50 million in Series D funding from a group of investors including Toshiba Corp., Juniper Networks, SAP Ventures and Highland Capital, among others.
"At the intersection of big data, virtualization and business critical applications, Violin’s flash based primary storage puts us in a unique position to capitalize on the hyper-growth of flash in the enterprise data center," said Don Basile, CEO of Violin Memory. "This is a multi-billion dollar market opportunity and the latest funding enables us to accelerate our aggressive go-to-market strategy and enhance our data management software portfolio to bring the benefits of Violin’s technology to customers worldwide."
Violin Memory (Mountain View, Calif.) has now raised more than $150 million in four rounds of funding since 2010. The company claims that Fortune 500 companies are rapidly adopting its flash technology to speed up applications for improved performance. The company claims its memory appliances lower the total cost of memory, providing an 80 percent savings in space and power.