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Venture Capital News: Virident Systems Inks $26M Series D

MILPITAS, CA, Company that develops flash-based storage class memory solutions has raised $26M in Series D funding.
According to published reports, Virident Systems, a company that develops flash-based storage class memory solutions for the enterprise, has raised $26 million in Series D funding led by Mitsui Global Investments with Globespan Capital Partners, Sequoia Capital and Artiman Ventures participating.

Virident enables enterprises to tackle performance-intensive enterprise applications. Virident FlashMAX II, a PCIe Storage Class Memory solution, ensures that application performance is ten times faster than other HDD systems at one-third of the total cost of ownership.
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