Fusion-io Raises $19 Million

Fusion-io, a Salt Lake City-based developer of enterprise solid-state architecture and high performance I/O solutions, has raised $19 million in Series A funding led by New Enterprise Associates.

 

PRESS RELEASE

Fusion-io, the leader in enterprise solid-state architecture and high performance I/O solutions, today announced that it has closed $19M in Series A funding from a group of investors led by New Enterprise Associates (NEA), one of the leading U.S.-based venture capitalist firms.

The breakthrough technology Fusion-io has developed will change the way companies think about their storage architecture, said Scott Sandell, general partner, NEA. The company's innovative plug-and-play approach to storage will open up a world of possibilities previously not available with traditional storage architecture.

Founded in 2006, Fusion-io, has reinvented storage and storage architecture to leverage new advances in solid state design and manufacturing. The funds from this round will be used to manufacture the company's first product, the ioDrive