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Boulder-based data storage company Solidfire announced a $31 million Series C round yesterday, which puts Solidfire at $68 million raised to date. In addition, Solidfire launched its new all-SSD storage platform product, called SF9010, just today.
The product launch and funding announcement were a bit “serendipitous,” said Solidfire’s Vice President of Marketing Jay Prassl, because both were linked to Solidfire’s budding relationship with Samsung: Samsung Ventures Investment Corporation led this Series C round and the new SF9010 product uses the latest Samsung Drive technology.
Solidfire started working with Samsung about six to nine months ago, when developing SF9010, the market’s largest and fastest all-SSD product – and the talks of funding grew organically from there.
“We were planning on doing incorporating Samsung Drive anyway as a company that’s developing storage products,” Prassl said. “But, in that process, Samsung expressed interest in investing, and then obviously the conversations started. They were the best fit to lead the round.”
Also included in this Series C round were Solidfire’s current investors NEA, Novack Biddle and Vallhalla Partners. The recent raise more than just an exciting announcement for Solidfire, Prassl said: it is a testament to the company and its product.
“Solidfire has quite a bit of momentum right now,” Prassl said. “It’s a little bit more than raising $31 million; there’s a bit more of a story around it.”
