Pliant Technology Garners $15,000,000 Series C Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4006db12-8f57-4c08-a72c-d2463ff95b7b&Preview=1
Date
3/30/2009
Company Name
Pliant Technology
Mailing Address
630 Alder Drive Milpitas, CA 95035
Company Description
Pliant Technology is developing Enterprise Flash Drives (EFD’s), a new class of solid state storage devices, that integrate seamlessly into enterprise information systems and dramatically improve performance, reliability, energy efficiency, and TCO.
Website
http://www.plianttechnology.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series C
Proceeds Purposes
The company will also leverage the funding to begin expanding its EFD product portfolio.
M&A Terms
Venture Investor
Lightspeed Venture Partners
Venture Investor
Arcturus Capital
Venture Investor
Divergent Ventures