Violin D-Round Values Company at $800M
Violin Memory has announced a $50 million mezzanine round that indicates that its latest crop of investors values the company at $800 million. That’s pretty good for a start-up whose product has only been shipping since the end of 2008.
This round includes increases from existing investors Toshiba and Juniper Networks (a Violin user) along with new investors SAP Ventures, Highland Capital Partners, and others now joining the pool.
The company has been recruiting a highly-pedigreed staff from companies like VMware, HP’s StorageWorks, OnStor, and Apigee, and has sold systems either to or through AOL, Brand.net, Revlon, Tagged.com, Wine Enthusiast, Juniper and HP.
Readers who would like to learn more about this market are directed to the report: The Enterprise SSD: Technologies and Markets which can be purchased for immediate download from the Objective Analysis website.