Corporate venturing-backed data storage company Violin Memory is reportedly putting together its flotation.
The company would select a banker in September for an initial public offering, chief executive Donald Basile told news provider the Wall Street Journal. He added a flotation could happen between December and April.
Basile said to the Wall Street Journal: "An IPO is now our highest probability. Our market is exploding and we’re hiring rapidly, trying to double the company…We think Violin is one of the best-positioned companies [in the data centre] and that a rich wave of innovation is being unleashed."
Violin Memory 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.