SolidFire raises US $31 mln in series C funding; unveils newest storage solution

By IVCPOST Staff Reporter

Jul 25, 2013 01:46 PM EDT

SolidFire also announced that it closed US $31 million in series C funding, led by Samsung Ventures. Samsung is joined by existing investors Valhalla Partners, New Enterprise Associates and Novak Biddle Venture Partners.

The latest round bumped up the total funding raised by SolidFire to US $68 million, a company statement said.

In the same vein, SolidFire introduced today the SF9010, which it claims to be the "fastest all-SSD storage platform" for the cloud infrastructure in the market today.

The SF9010 is the third product out of the SolidFire brand. It boasts of 3.4PB in effective capacity and 7.5 million input/output operations per second (IOPS). More importantly, the company said that it managed to drive down the cost of storage system for large-scale cloud infrastructure at an average of US$3 per GB and less than US $1 per IOP.

Dave Wright, CEO of SolidFire, said the SF9010 highlights SolidFire's "storage architecture in action" due to its flexibility.  "The SF9010 takes us across the threshold of flash becoming lower than the cost of performance disk."

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