SolidFire Raises $31 Million From Samsung Ventures, NEA, Valhalla, and Novak Biddle

Posted Jul 25, 2013

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.

The new flagship storage node is called the SF9010.  SF9010 is for enterprise and cloud clients that need top-tier performance.  Inside of the SF9010 storage node is a 960GB Samsung SSD.  A base configuration of five nodes brings the cost down to about $3 per GB.  The SF9010 will be available starting September 1st.

Previous SolidFire nodes were made by Intel.  However, the company said that they picked Samsung SSDs for their new product before Samsung Ventures put money into the company.  ?They were separate decisions made at different times,? stated Wright in an interview with VentureBeat. ?It obviously ended up being great synergy.?

Enterprises and cloud providers use SolidFire to speed up their public and private cloud offerings.  SolidFire opened their services for general availability this past November.  The company has been developing new technologies and has signed up more customers since then.  Some of their customers include ViaWest, Calligo, iWeb, and CloudSigma.  SolidFire will be using the funding to expand their sales and marketing presence.