Violin Memory, a US-based developer of computer memory systems backed by strategic investor Toshiba, has bought the assets of venture capital-backed peer Gear6. No financial terms were disclosed.
Violin Memory raised more than $20m from technology company Toshiba and other investors in April, according to news provider VentureWire. Violin was founded in 2005 and raised $10m in its series A from venture capital firm Rationalwave Capital Partners among others, according to VentureWire.
Gear6 raised more than $24m from VCs Horizon Ventures, US Venture Partners and InterWest Partners since 2002 and has more than 30 customers.
Last month, Violin agreed a strategic partnership with Landmark Ventures, a technology-focused merchant bank, while a month earlier Toshiba said it would provide access to its semiconductors as part of its investment.