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    Violin Memory Snags Cool $50M in New VC Funding

    By
    Chris Preimesberger
    -
    April 3, 2012
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      Time to celebrate another Wall Street-type victory for the NAND flash storage array sector.
      Mountain View, Calif.-based Violin Memory, which makes new-generation solid-state memory arrays, on April 2 banked a cool $50 million in Series D funding from SAP Ventures.
      Violin, CEO’d by industry veteran Don Basile, says this will boost the company’s market value to more than $800 million. Investors include longtime partners Toshiba and Juniper Networks in addition to new investors SAP Ventures and Highland Capital Partners, among others.
      “This is a multibillion dollar market opportunity, and the latest funding enables us to accelerate our go-to-market strategy and enhance our data management software portfolio,” Basile said.
      The company has been rumored to be nearing an initial public offering (IPO) announcement. Things could be worse for the relatively young Silicon Valley company.
      Violin, in describing “the inevitable shift from disk to flash for primary enterprise storage,” said the market is driven by trends such as big data, analytics, mobile 4G, social commerce and virtualization. Well, the shift may or may not be inevitable, but Basile and his company surely have the market drivers in correct focus.
      Violin’s flash memory arrays are installed in data centers of companies that include AOL, Revlon, Tagged.com, Juniper and Hewlett-Packard through its patent-pending flash vRAID secret storage software sauce.
      Oh, and Violin was named AlwaysOn’s Company of the Year in 2011; AO founder and CEO Tony Perkins and his network usually know what they’re talking about.

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      Avatar
      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor-in-Chief of eWEEK and responsible for all the publication's coverage. In his 16 years and more than 5,000 articles at eWEEK, he has distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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