Sunday, September 23, 2012

Virident snags $26MM. Total funding at $76MM. Enterprise is back.

 Virident Systems, a performance leader in flash-based storage class memory (SCM) solutions, today announced the appointment of Mike Gustafson as CEO and a member of its Board of Directors. The company also announced it has raised an additional $26 million in a Series D round of funding. Former CEO and co-founder Kumar Ganapathy will remain with the company and work closely with the executive team on business strategy, new product development and strategic partnerships. Mitsui Global Investments was the lead investor in the current round of funding, joined by Hercules Technology Growth Capital and existing investors Globespan Capital Partners, Sequoia Capital and Artiman Ventures, bringing total financing to $76 million. 

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