Violin Memory, Inc., a Mountain View, California-based provider of scalable flash Memory Arrays, has raised $50m in Series D funding, which puts the company at a market value of more than $800m.
Backers include existing investors Toshiba and Juniper Networks and new investors SAP Ventures and Highland Capital Partners, among others.
The company intends to use the funding to accelerate its go-to-market strategy and enhance its data management software portfolio to bring its technology to customers worldwide.
Founded in 2005 and led by CEO Don Basile, Violin Memory is developing Memory Arrays that accelerate business critical applications and enable enterprises to virtualize and optimize their IT infrastructures.
Clients include companies like AOL, Revlon, Tagged.com, Juniper and HP.
In conjunction with the funding, Gaurav Tewari, Director, SAP Ventures, will be joining Violin’s Board as an Observer.