US-based equipment maker Juniper Networks has joined Japan-based Toshiba's America Electronic Components subsidiary as an investor in Violin Memory's $35m B round.
Violin Memory, a US-based developer of computer memory systems backed by strategic investor Toshiba, has raised $35m in its series B round.
US-based equipment maker Juniper Networks has joined Japan-based Toshiba’s America Electronic Components subsidiary as an investor in the B round alongside other undisclosed corporate partners, crossover investment funds, high net worth investors and private equity firms.
Scott Nelson, vice-president at the memory business unit at Toshiba America Electronic Components, said: "We are pleased to expand our relationship with Violin and help accelerate the penetration of flash memory arrays in the performance-driven enterprise data centres."
RK Anand, executive vice-president of data centre business at Juniper Networks, said: "[Violin’s] innovative flash memory array will play an important role in delivering tiered and near-server storage capabilities to help advance the requirements of cloud computing and network-driven data centre consolidation."
Violin Memory raised more than $20m from technology company Toshiba and other investors in April, according to news provider VentureWire. Violin was founded in 2005 and raised $10m in its series A from venture capital firm Rationalwave Capital Partners among others, according to VentureWire.
In June, Violin bought the assets of venture capital-backed peer Gear6, which had raised more than $24m from VCs Horizon Ventures, US Venture Partners and InterWest Partners since 2002 and has more than 30 customers.
