$16M for Link A Media
A Santa Clara, CA, maker of chips for storage systems called Link A Media said yesterday that it has closed a $16 million Series D funding round. Participating backers include Itochu Technology Ventures, Keynote Ventures, Lightspeed Venture Partners, SunAmerica Ventures, and “several strategic partners,” according to the startup. Link-A-Media makes controllers that handle error checking during read-write operations on both hard drives and Flash-based storage devices. “This infusion of capital allows us to continue to build product momentum and increase our presence in the fast evolving storage market, which is driven by the explosion in content and its delivery across a multitude of platforms,” said Link A Media CEO Hemant Thapar in a statement.