Virident, a Milpitas, Calif.-based company creating flash-based solid-state drives (SSDs), has raised $20 million in its third round of funding and landed Cisco and Intel as new investors. Virident has raised $50 million to date.
The five-year-old company says today's funding will fuel the creation of a new memory solution called FlashMax that it claims will run databases ten times faster than older drives.
Virident hopes to create partnerships with large data centers, businesses such as systems integrators and consulting firms, and potential investors. Besides Cisco and Intel, the company also has an unnamed investor who is a &… Read more