Violin Memory, Inc., today announced $50 million in Series D funding, putting the company at a market value of more than $800 million. Investors include long time partners Toshiba and Juniper Networks in addition to new investors SAP Ventures and Highland Capital, among others. With this latest round, Violin continues to be one of the fastest growing storage companies.
“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.
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.