SolidFire raises $25M in second round, totalling $37M in funding



SolidFire, a provider of all-solid-state (SSD) primary storage systems for cloud service providers, has raised $25 million in its second round of funding. Add this to earlier funding and the total reaches $37 million.

Valhalla Partners, NEA and Novak Biddle were the investors and the company received individual investments from former VPs and CEOs.

SolidFire will use the funds to expand the sales and marketing departments and to support growing customer demand for their all-SSD systems in the cloud.

Charles Curran, Valhalla general partner said on the occasion, “As an early investor, we are pleased to see the progress that SolidFire made this past year. They have Early Access systems deployed with some of the world’s largest cloud service providers and the customer feedback has been excellent.”

The company delivers high-performance hard drives to cloud service providers. They also provide services that help in the use of storage systems thereby creating a higher degree of management potential.

SolidFire’s founder and CEO, Dave Wright, said this about the funding: “This new funding round and the continued commitment of our initial investors show that they recognize the potential that SolidFire has in this market with an all-SSD storage system optimized for the cloud. The response to our Early Access Program launched only this summer has been overwhelming. We have a very solid sales pipeline and we will be investing in our sales and marketing team to respond to customer interest and accelerate our growth.”

SolidFire was founded in 2009. Currently, it has around thirty employees.