Cha Ching! $$$
Violin Memory is a force to be reckoned within the storage world. The company, which sells high-end storage arrays loaded to the gills with flash memory, just closed a $50 million funding round. This is its fourth similarly sized round in two years putting the valuation of the company — slated to go public later this year– at about $800 million. If it follows through on those IPO plans, CEO Don Basile told me, the company will be valued in the billions.
It’s not just the industry shift toward solid-state drives replacing slower, less-efficient hard disk drives that’s driving Violin’s value through the roof, though, it’s also the company’s very strategic set of investors.
The latest investor to get on board is software giant SAP (s sap), whose mission-critical ERP and database products are deeply entrenched within large enterprises and could benefit greatly from the price-performance increases Violin’s systems offer…
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