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Samsung Ventures Posts

Wireless Charging Company PowerbyProxi Raises $4 Million

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PowerbyProxi is a wireless-charging company that has raised $4 million in funding from Samsung’s venture capital arm.  PowerbyProxi is expected to raise more in their Series C round.  PowerbyProxi’s wireless-charging system lets multiple devices be placed on a single charger.
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Enterprise Storage Company Pure Storage Raises $150 Million

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Pure Storage is an enterprise flash storage company that has raised $150 million in a new round of funding.  Pure Storage competes against companies like NetApp and EMC.  Pure Storage is now selling their third-generation of all-flash array, according to VentureBeat.  This technology is believed to be 10 times faster and 10 times more space efficient than traditional disk arrays.
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SolidFire Raises $31 Million From Samsung Ventures, NEA, Valhalla, and Novak Biddle

is a company that is helping speed up public and private clouds.  The company has raised $31 million in a new round of funding led by new investor Samsung Ventures.  Previous investors New Enterprise Associates, Valhalla Partners, and Novak Biddle Venture Partners also participated in this round.  SolidFire has raised a total of $68 million thus far.  The company has also launched a new flagship storage node, according to VentureBeat.

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Samsung Invests In Database-As-A-Service Company Cloudant

Samsung Electronics has invested in a cloud-based mobile enterprise company called Cloudant.  Cloudant is a database-as-a-serve company that was even backed by the U.S. CIA agency as a customer and investor.  Other investors in Cloudant includes Y Combinator and Avalon Ventures.  Cloudant was a Y Combinator class in 2008.

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Samsung Spending $1.1 Billion On A Strategy And Innovation Center

Samsung is spending $1.1 billion on a new Samsung Strategy and Innovation Center (SSIC).  The SSIC will be a “global engine to accelerate innovation and to drive new business creation.”  The company will have three offices worldwide and will give the opportunity for the company to interface with entrepreneurs outside of the company. Samsung will also provide mentorship for new businesses.

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Cloud Storage Company Bitcasa Raises $7 Million

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Bitcasa is a cloud storage company that lets you store all of your data including entire external drives while maintaining security through encryption. You can access Bitcasa through any device from the cloud. The service is now officially in open beta. Bitcasa has recently raised $7 million in a round of funding led by existing investor Pelion Venture Partners. New investor Horizons Ventures joined in this round and it also included Andreessen Horowitz, First Round Capital, CrunchFund, and Samsung Ventures. Bitcasa plans to use the funding to shorten their time-to-market for upcoming products and to expand their sales/marketing team.

MasterImage 3D Raises $15 Million From Samsung Ventures

Samsung Ventures is investing $15 million into MasterImage 3D, a company that makes stereoscopic 3D display technology for mobile devices. It is likely that Samsung will use MasterImage’s 3D technology for their own smartphones and mobile devices eventually.
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