Link_A_Media Devices Corporation, a Santa Clara, CA-based company providing data recovery and transport technologies for storage devices, secured a $18m series C funding.New investor Lightspeed Venture Partners led the round with other investors ITOCHU Technology Ventures, Keynote Ventures, SunAmerica Ventures and several strategic partners also participating.
The funds will be used to bring the company’s products to market.
In conjunction with the closing of the round, Link_A_Media also adds Chris Schaepe, managing director of Lightspeed Venture Partners, to its board of directors.
Commenting on the financing, Schaepe said: “This recent funding will enable Link_A_Media to ramp volume sales while simultaneously extending its technology leadership position in the storage market”.
FinSMEs
02/11/2009