SandForce Closes $25M in Series D Funding

SandForce, Inc., a Saratoga, CA-based developer and provider of SSD (Solid State Drive) Processors that enable standard NAND Flash deployment in enterprise, client and industrial computing applications, has closed $25m in Series D funding.
The round was led by Canaan Partners, with participation from existing investors DCM, Storm Ventures, Translink Capital, LSI Corporation & UMC Capital.
As also stated by Michael Raam, president and CEO of SandForce, this new funding will help the company to bring its products to market, expand customer and partner support infrastructure, and accelerate core technology development.
In conjunction with the funding, Eric Young, general partner at Canaan Partners, will join SandForce’s board of directors.

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