Virident develops flash-based storage-class memory solutions, including a flash-based PCI card and its flagship Virident FlashMAX II, aimed at accelerating data-intensive enterprise workloads. Its products are compatible with standard servers and target workloads such as databases, business analytics, simulation, visualization and high-performance computing. The company recently hired Mike Gustafson as CEO and board member while co-founder Kumar Ganapathy remains to work on strategy, product development and partnerships. In the last 12 months Virident has doubled its headcount and invested heavily in the new version of FlashMAX II. The business faces a competitive flash storage market with rivals such as Fusion-IO. Management states the company intends to capitalize on the broader shift to flash memory in datacenters and to expand its software and product offerings. Virident develops flash-based solid-state storage solutions designed to accelerate data-intensive enterprise workloads such as databases, business analytics, simulation, visualization, and high-performance computing. Its flagship product, FlashMAX, launched in a next-generation version the same day as the funding announcement and is claimed to deliver at least twice the performance of comparable flash-based solutions with built-in, flash-aware RAID. The company emphasizes server-agnostic compatibility and consistent performance across diverse dataset sizes and workloads. Virident positions flash memory as a disruptive force that will drive new, lower-cost storage architectures with smaller footprints. The management team includes former employees of Google, Sun Microsystems, Cisco, SGI, and Intel. Financially, Virident closed a $21 million Series C that brings total funding to $37 million and will use the proceeds for market expansion and product iteration. Virident Systems is a Milpitas, California–based provider of PCI Express solid-state storage solutions for enterprise and data center customers. The company builds enterprise-class products based on flash and other storage-class memories (SCM), delivered over PCIe. Its solutions are designed to solve performance, reliability, and serviceability problems in data centers and cloud computing, especially those that compound in large-scale SSD deployments. The company intends to continue developing its flash-based storage solutions using proceeds from its latest financing. The Series B closing signals continued investor support for its product roadmap and go-to-market efforts. No operating metrics or revenue figures were disclosed in the article. Virident is building hardware technology aimed at improving computer energy efficiency, particularly for machines used in internet data centers. The company is described as secretive and is linked to Los Altos, Calif., with a VentureWire report placing it in Milpitas, Calif. It says it hopes to partner with major OEMs such as Dell, Hewlett-Packard and IBM. Company leadership framed the opportunity around large data-center customers like Google buying many small, hot servers and the potential market for lower-power machines. Financially, Virident completed a first round of funding totaling $13.3 million. Specific operating metrics (revenue or users) are not provided in the article.

Total raised

$60M

Funding rounds

4

Latest round

Series D

Latest activity

Sep 2012