Dell Leads $51 Mil Funding For Storage Company

Solid-state storage company Skyera announced it has closed $51.6 million in financing led by Dell Ventures, with participation from other strategic investors. Skyera, backed by key technology and financial partnerships, is positioned at the forefront of the hyper-growth solid-state storage sector.

“Skyera offers innovative technology that is breaking new ground in enterprise solid-state storage systems, including controllers, memory and software,” said Marius Haas, President, Enterprise Solutions Group for Dell. “Dell continues to expand its growing enterprise systems portfolio to help our customers do more.  We are focused on changing the economics of storage and other systems for our customers by bringing high-end enterprise features to the broad mid-market and solving enterprise problems at a mid-range price point."

Enterprise solid-state storage systems from Skyera give applications fast performance, lower power consumption, high density and cost effectiveness. The investment will be used to accelerate the integration of the latest-generation flash technology and drive broader adoption of Skyera’s enterprise solid-state storage solutions. Last fall, the company  introduced its SEOS solid-state operating system that optimizes the hardware, storage and data management capabilities of its purpose-built Skyhawk enterprise storage system.

According to Gartner Research, “The SSD appliance market, while nascent, is emerging as a compelling solution to deliver high performance with ultra-low latency, which is particularly attractive today in database/data warehousing, virtual desktop, high-performance computing and cloud storage environments.  While cost-effective flash-based hardware is essential, vendors most poised for success must possess a thorough optimization of data management software specific to the characteristics of flash memory to best exploit a market projected to grow from $393 million in 2012 to nearly $4.2 billion in 2016.”