14 DAY TRIAL // Quite famous maker of solid state drive controllers, SandForce, has just announced that it has secured the means by which it will develop next-generation products, namely investments of $25 million that will also be used to expand customer and partner support infrastructure.
As some may know, many of the high-end solid state drives currently on sale, or in development, use SandForce controllers.
Mainly, this is because the controllers, the SF-1200 and SF-1500 in particular, enable very high read and write speeds on the SATA 3.0 Gbps interface.
Now, the company has proudly announced that it has been granted a sizable investment that should let it more quickly create new technologies.
Specifically, several corporations have pooled their resources, more or less, and given it $25 million, which may just yield controllers fast enough for the SATA 6.0Gbps connection.
The list of companies includes UM Capital, Canaan Partners, Translink Capital, LSI Corporation, Storm Ventures and DCM.
“SandForce has break-through SSD Processor technology and has executed extremely well on its business plan,” said Eric Young, general partner at Canaan Partners and new member of the SandForce Board of Directors.
“With products that are leading in a hyper-growth market and shipping for revenue to a growing list of top storage drive manufacturers, SandForce represents a strong investment for us,” he added.
“We are increasing volume shipments of our Enterprise and Client SSD Processors to leading drive manufacturers around the globe and continue to receive exceptional market acceptance of our DuraClass technology in I/O intensive storage applications,” said Michael Raam, president and CEO of SandForce.
“This new funding will help us bring our next-generation products to market, expand our customer and partner support infrastructure, and accelerate our core technology development that will extend our market leadership,” Raam concluded.