Virident Grabs $21 Million From Intel Capital, Cisco, Sequoia And More For Enterprise Storage Solutions

(VentureBeat) Virident, a company that offers flash-based storage solutions for enterprise, announced today that it has closed a $21 million series C funding round. The investment was led by Globespan Capital Partners, with strategic investments from Intel Capital, Cisco and contributions from existing investors, Sequoia Capital and Artiman Ventures. The series C round brings Virident to a total of $37 million in funding.

So why the interest in Virident? For starters, the startup’s management team counts former Google, Sun Microsystems, Cisco, SGI, and Intel employees among its ranks. So it has some talent. Second, the (enterprise) storage space is hot. And Virident has built flash solutions that are compatible with any servers and allow enterprises to enhance not only the speed of their applications but to ensure reliable performance under heavy workloads, specifically for data-intensive workloads, like databases, business analytics, simulation, visualization and high-performance computing...

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