Virident Systems Lands $40,000,000 New Round

  • Feed Type
  • 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
  • Venture Investor
    Seagate