US-based flash storage system manufacturer SolidFire closed an $82m series D round yesterday from investors including Samsung Ventures, the corporate venturing arm of electronics manufacturer Samsung.
Venture capital firm Greenspring Associates co-led the round with an undisclosed sovereign wealth fund, and New Enterprise Associates (NEA), Novak Biddle Venture Partners and Valhalla Partners also participated.
SolidFire has now raised about $150m since it was founded, including $31m in a series C round led by Samsung Ventures in July 2013, which included NEA, Valhalla and Novak Biddle.
Formed in 2010, SolidFire produces all-flash storage systems for use in data centres, and recently released two new storage nodes for its SF Series product line. It will invest the capital in expanding its business globally and enhancing its product.
Dave Wright, chief executive of SolidFire, said: “Just as flash has disrupted the legacy disk storage market, SolidFire continues to disrupt the all-flash array market by delivering a storage platform that goes far beyond the basics of raw flash performance.
“Additional funding allows us to continue to extend SolidFire’s technical advantages over the competition and will deepen our sales, marketing and channel enablement to meet the growing global demand for SolidFire’s leading all-flash storage architecture.”