Virident Systems Lands $40,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=72e871f1-5da9-4e1a-a2af-fecee30c80b7&Preview=1 -
Date
1/30/2013 -
Company Name
Virident Systems -
Mailing Address
500 Yosemite Drive Milpitas, CA 95035 -
Company Description
Virident Systems enterprise-class Storage Class Memory (SCM) solutions deliver unconditional, consistent performance that supports the most data intensive content and applications. The inherent advantage associated with this disruptive technology revolutionizes computing by speeding application response time and optimizing datacenter efficiency for new levels of ROI. -
Website
http://www.virident.com -
Transaction Type
Venture Equity -
Transaction Amount
$40,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Seagate, which is the world’s biggest supplier of hard drives to PC and server manufacturers, will offer a complete line of flash-based products to its OEM and distribution partners. It will also work jointly with Virident on developing new flash-based storage products. -
M&A Terms
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Venture Investor
Seagate
