AAA Memblaze embraces corporates in series D round

Memblaze embraces corporates in series D round

Telecommunications and internet group SoftBank has led a RMB200m ($30.4m) series D round for China-based solid-state disk (SSD) technology producer Memblaze through its SoftBank Ventures Asia subsidiary, DealStreetAsia has reported.

Tencent Investment, Bertelsmann Asia Investments (BAI) and Qualcomm Ventures also took part in the round, on behalf of internet group Tencent, media group Bertelsmann and mobile chipmaker Qualcomm.

The round was filled out by data storage and recovery equipment provider Toyou Feiji Electronics, which had already invested approximately $12m in the company in 2017, in addition to General Technology Venture Capital and Infinity Group.

Memblaze’s PBlaze SSD products are used in database, virtualisation, cloud computing, big data and artificial intelligence systems. It plans to strengthen its partner network in the wake of the round.

Qualcomm Ventures and General Technology Venture Capital added an undisclosed amount in 2015 to a series C round for Memblaze that totalled $20m the year before, with BAI, Ding Xing Fund, Infinity Group and Genertec Investment Managers supplying the earlier funding.

The company had previously raised undisclosed amounts from Infinity Group and Z-Park Venture Capital across 2012 and 2013.

Image courtesy of Beijing Memblaze Technology Co., Ltd.

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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