Violin Memory, a corporate venturing-backed data storage company, has raised $40m in its series C round from existing corporate venturing investors and other, undisclosed listed companies. The round follows a $35m series B round by corporates including Toshiba and Juniper Networks in February.
Other investors in the company include angels Atiq Raza, the former number two at Advanced Micro Devices, Arjun Gupta, the founder of TeleSoft Partners, and venture capitalist Dixon Doll.
Don Basile, chief executive of Violin Memory and former executive chairman of peer Fusion-io, said: "Our new capital will allow us to speed up product development and global expansion in Europe and Asia to surpass $100m in revenue this year."
Separately, Fusion-io raised $233.7m from the New York Stock Exchange and saw its share price rise 18% in the first day of trading.