XtremIO, a San Jose, CA-based enterprise developer of a flash storage array, has closed an extended Series B funding round with Lightspeed Venture Partners.
The round, which now totals more than $19m, brings the total amount raised by the company sice its founding in 2009 to over $25m.
XtremIO intends to use the new capital to expand its business operations and engineering team.
In conjunction with the funding, David Gussarsky Managing Partner at Lightspeed will join the companyās board of directors.
Led by CEO Ehud Rokach, XtremIO is developing storage system solutions based on innovative architecture and storage algorithms, utilizing solid-state drive (SSD) technologies.Ā Deployed in the data center, the companyās all-flash arrays are designed to improve performance, accelerate applications, and support higher workloads at a competitive price in comparison to traditional disk arrays.
FinSMEs
05/12/2011
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