Virident Systems Closes $26M Series D Funding

Virident Systems, a Milpitas, CA-based provider of flash-based storage class memory (SCM) solutions, has closed a $26m Series D funding round.

The round was led by Mitsui Global Investments, with participation from Hercules Technology Growth Capital and existing investors Globespan Capital Partners, Sequoia Capital and Artiman Ventures.

The company intends to use the proceeds from the investment to expand in the areas of sales and marketing as well as new software and solutions development.

Led by newly appointed CEO Mike Gustafson and former CEO and co-founder Kumar Ganapathy, who will remain with the company and work closely with the executive team on business strategy, new product development and strategic partnerships, Virident recently released FlashMAX II, the second generation of its PCIe flash-based SCM solution for enterprise environments, which supports VMware ESXi and VDI environments for optimal performance of virtualized desktops and applications.



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