Welcome!

Linux Containers Authors: Pat Romanski, Yeshim Deniz, Liz McMillan, Elizabeth White, Zakia Bouachraoui

News Feed Item

Violin Memory Flashes Forward With a $50 Million Mezzanine Round and $800+ Million Valuation

SAP Ventures and Longtime Supporter Toshiba Join in Enterprise Storage Transformation

MOUNTAIN VIEW, CA -- (Marketwire) -- 04/02/12 -- Violin Memory, Inc., provider of one of the world's fastest and most scalable flash Memory Arrays, today announced $50 million in Series D funding, putting the company at a market value of more than $800 million just three years after CEO Don Basile joined. Investors include long time partners Toshiba and Juniper Networks in addition to new investors SAP Ventures and Highland Capital Partners, among others. With this latest round, Violin continues to be one of the fastest growing storage companies in the past decade.

"At the intersection of big data, virtualization and business critical applications, Violin's flash based primary storage puts us in a unique position to capitalize on the hyper-growth of flash in the enterprise data center," said Don Basile, CEO of Violin Memory. "This is a multi-billion dollar market opportunity and the latest funding enables us to accelerate our aggressive go-to-market strategy and enhance our data management software portfolio to bring the benefits of Violin's technology to customers worldwide."

These investments from several of the largest public companies in the computer industry (both announced and unannounced) further validate the inevitable shift from disk to flash for primary enterprise storage. Driven by trends like big data, analytics, mobile 4G, social commerce and virtualization, Fortune 500 companies are rapidly adopting Violin's flash technology to speed up mission-critical applications for improved performance and real-time business insights.

"IT leaders in the enterprise are embracing the in-memory database movement and the 'speed-of-thought' business benefits it brings," said Gaurav Tewari, Director, SAP Ventures, who will be joining Violin's Board as an Observer. "By supporting Violin Memory and its disruptive flash technology, we can help to accelerate this trend, remove today's memory limitations and open the field to all applications," added Nino Marakovic, Managing Director, SAP Ventures.

According to Scott Nelson, Vice President, Memory Business Unit at Toshiba America Electronic Components, Inc., "We are pleased to continue this relationship with Violin to address the needs of customers who are targeting the fast-growing cloud computing and data center markets. Toshiba's leading-edge NAND technology is an integral component in Violin's high-performance flash Memory Arrays."

Violin's flash Memory Arrays are changing the data center for companies like AOL, Revlon, Tagged.com, Juniper and HP through its patent-pending flash vRAID technology. Violin recently won AlwaysOn 2011 Company of the Year, SearchDataCenter Product of the Year, Gartner "Cool Vendor" for storage, and was named a Top Startup to Watch by SearchStorage.com.

RELATED LINKS AND CONVERSATIONS

About SAP Ventures
SAP Ventures is an independent investment firm affiliated with SAP AG (NYSE: SAP), the global market leader in enterprise application software, and we leverage our relationships with SAP and its global ecosystem for the benefit of portfolio companies. We make growth equity and later-stage investments in market-leading technology companies across North America, Europe, and key emerging markets. Over the last 15 years, SAP Ventures has supported more than 100 companies across five continents. Past investments include Commerce One, Endeca, Greenplum, MySQL, Red Hat, and WebEx. Current portfolio companies include Alfresco, Alteryx, Box, Exact Target, Marin Software, LinkedIn, Lithium, OnDeck, OpenX, SAVO, Spring Wireless, Tealeaf, Tremor Media, and Zend. For more information on SAP Ventures, please visit www.sapventures.com.

About Violin Memory, Inc.
Violin Memory is pioneering the future of Flash memory in the enterprise data center with Memory Arrays that accelerate business critical applications and enable enterprises to virtualize and optimize their IT infrastructures. Specifically designed for sustained performance with high reliability, Violin's Memory Arrays scale to hundreds of terabytes and millions of IOPS with low, spike-free latency. Founded in 2005, Violin Memory is headquartered in Mountain View, California. For more information about Violin Memory products, visit www.vmem.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Eastwick Communications
Suzanne Chan
415.820.4165
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.