SolidFire Obtains $11,000,000 Series A Financing Round

  • Feed Type
  • Date
    2/2/2011
  • Company Name
    SolidFire
  • Mailing Address
    1620 Pearl St Boulder, CO 80302
  • Company Description
    Atlanta-based SolidFire is a next-generation storage platform for cloud computing providers and other enterprises that need scalable, reliable storage for thousands of servers. The Company’s solution allows customers to take advantage of the performance of solid state storage at a price comparable to traditional spinning disk, while significantly reducing operational and storage management costs.
  • Website
    http://www.solidfire.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $11,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The funding, which follows a $1 million seed round, will be used to expand the company in preparation for launch later this year. As part of this expansion, SolidFire has opened an office in Boulder, Colorado and will be hiring for engineering, marketing, and sales roles.
  • M&A Terms
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Valhalla Partners
  • Venture Investor
    Novak Biddle Venture Partners