Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

SolidFire Picks Up $82M in Series D to Bolster Long Term Growth and Increased Profitability

byadmin
October 9, 2014
in News

Flash Storage manufacturer SolidFire Inc. has secured $82 million in a new Series D funding round led by Greenspring Associates, Silicon Valley Bank and a major sovereign wealth fund. There was participation from existing investors NEA, Valhalla Partners, Novak Biddle Venture Partners and Samsung Ventures.

This round has taken the total funding for the company to $150 million, which is more than what is typically raised by public storage companies, wrote SolidFire CEO and founder, Dave Wright, announcing the funding.

SolidFire will leverage the new money to continue growth, which Wright claims was over 700% last year and over 50% quarter-over-quarter this year.

The company believes that the shift from spinning disk to flash for primary storage and the the shift from a siloed, hardware-oriented data center to a shared, software defined data center (SDDC) has seen SolidFire deliver “strong execution” over the past year towards capitalizing on this change.

“What makes SolidFire truly unique is our ability to not only deliver flash performance for today’s applications, but to provide customers with a platform that lets them tackle the biggest challenges of that next wave,” explains Wright.

Flash technology allows integration with aspects of the cloud, in which data is accessed via the Internet rather than from on-site hardware. Adoption of cloud technology is becoming norm with companies because of its flexibility and lower costs compared with older methods.

“Our ability to leverage flash at cloud scale, that ultimately is what sets us up for long-term success,” Wright told Reuters.

Read more here

Follow @DataconomyMedia

(Image Credit: Dominik Bartsch)

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

Related Posts

OpenAI Agent Builder debuts with drag-and-drop workflows

OpenAI Agent Builder debuts with drag-and-drop workflows

October 6, 2025
Vivo X300 FE receives EEC certification

Vivo X300 FE receives EEC certification

October 6, 2025
Student arrested for ChatGPT threat at Southwestern Middle

Student arrested for ChatGPT threat at Southwestern Middle

October 6, 2025
Fight for the Future launches campaign to protect VPN access

Fight for the Future launches campaign to protect VPN access

October 6, 2025
Yubico survey: 62% of Gen Z engaged with phishing scams

Yubico survey: 62% of Gen Z engaged with phishing scams

October 6, 2025
Honor 500 Pro comes with Snapdragon 8 Elite, 200 MP camera

Honor 500 Pro comes with Snapdragon 8 Elite, 200 MP camera

October 6, 2025
Please login to join discussion

LATEST NEWS

OpenAI Agent Builder debuts with drag-and-drop workflows

Vivo X300 FE receives EEC certification

Student arrested for ChatGPT threat at Southwestern Middle

Fight for the Future launches campaign to protect VPN access

Yubico survey: 62% of Gen Z engaged with phishing scams

Honor 500 Pro comes with Snapdragon 8 Elite, 200 MP camera

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.