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virident

Memory maker Virident raises $20 million

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

Philly subway to capture energy from braking trains

Here's an unusual way to upgrade a subway system: add a giant battery.

Viridity Energy said Monday that it has been awarded a $900,000 grant by the Pennsylvania Energy Development Authority to build a system that will capture the energy from Philadelphia subway cars as they brake to enter a station.

The regenerative braking system will collect energy in a large battery installed along the busy Market-Frankford Line. The stored energy will be used to power trains when they leave the station and to earn money from energy sold back to the grid.

"Essentially we're creating … Read more