Storage Start-Up Fusion-io Continues Rapid Pace
Data storage has always been a tumultuous part of tech, as companies grapple with a rising flood of information and hardware vendors race to offer hardware that stores more of it. But speed is just as important as capacity for many customers, helping to explain the momentum of a startup called Fusion-io.
The closely held company, based in Salt Lake City, on Monday plans to announce its third funding round–totaling $45 million–that will bring its total raised to date to $111.5 million. Meritech Capital Partners, a new investor, led the round, which has other new contributors that include Accel Partners and Andreessen Horowitz. Computer maker Dell (DELL) and electronics giant Samsung have are among the investors that have previously put money into Fusion-io.