Violin Memory, a US-based corporate venturing-backed maker of data storage equipment backed by Japan-based peer Toshiba, has extended its pre-flotation round by up to $50m.
Violin increased the amount it is raising from private investors could reach $130m from a previously disclosed round of $80m and said in a regulatory filing it had now raised $96.2m. Allied Beacon Partners and Internet Securities are named as brokers helping place the round, which has 126 investors, according to the filing.
News provider AllThingsD said the money was being raised by Violin at an “implied valuation of $850m and is intended to pay for operations until the IPO [initial public offering”.
Violin had reportedly filed for its IPO under the provision of the Jumpstart Our Business Startups Act that allows it to keep the related filings with the SEC unavailable to the public.
All Things D said Violin’s IPO had been pushed…
