SolidFire, an Atlanta, GA-based start up that has developed a cloud computing storage platform, has closed its first round of venture capital funding led by Valhalla Partners and Novak Biddle Venture Partners. In conjunction with the funding, of undisclosed amount, Valhalla General Partner Charles Curran, and Novak Biddle General Partner Phil Bronner, will join the company’s board of directors.
In addition, Atlanta entrepreneur and former Turner Broadcasting executive Greg Foster has joined the SolidFire’s board of advisors.
The company’s platform is offered to cloud computing providers and other enterprises that need scalable and reliable storage for thousands of servers. It allows them to take advantage of the performance of solid state storage at a price comparable to traditional spinning disk, while significantly reducing operational and storage management costs.
FinSMEs
28/07/2010