SanDisk Ventures, the corporate venturing unit of SanDisk, a US-based provider of flash storage, has invested an undisclosed amount in Nexenta Systems, a US-based provider of software-defined storage (SDS). Previously, in March 2013, Nexenta raised $24m in its series D round from a consortium including Japan-based conglomerate Sumitomo and chip maker UMC’s corporate venturing units. In January 2011, Nexenta raised $21m in its C round.
Sumit Sadana, executive vice president and chief strategy officer at SanDisk, said: “SDS and flash-based storage solutions are both complementary and disruptive technologies in the enterprise. Together, these technologies offer the capability to deploy high-performance, scalable solutions with significantly improved total cost of ownership that customers are looking for. We are looking forward to collaborating with Nexenta to optimize SDS solutions for flash technology in enterprise applications.”
“SanDisk and Nexenta have been leading in their respective segments in the industry with operational excellence, customer and partner intimacy and advanced technology innovation around a shared vision,” said Tarkan Maner, chief executive officer at Nexenta.