Samsung has exited flash storage manufacturer SolidFire as the company is acquired by NetApp.
US-based flash storage memory maker SolidFire has been acquired by storage hardware company NetApp for $870m, providing an exit to consumer electronics company Samsung’s investment unit Samsung Ventures, according to Venturebeat.
Founded in 2009, SolidFire produces all-flash storage products for use in data centres.
The company raised a total of $150m in funding.
Most recently, Samsung Ventures contributed to an $82m series D round in October 2014. The series D was co-led by Greenspring Associates with an unnamed sovereign wealth…
