Dell EMC, Cisco and Micron have all backed a round that will fund the commercial launch of Lightbits Labs' data management and transfer technology.
US-based cloud infrastructure technology developer Lightbits Labs emerged from stealth on Tuesday with $50m in funding from investors that include several corporates.
Memory and data storage technology provider Micron, computing technology provider Dell EMC and networking equipment manufacturer Cisco all contributed to the round.
Venture capital firms SquarePeg Capital and Walden International also participated, as did several unnamed investors, according to VentureBeat, which cited chief executive and co-founder Eran Kirzner
Founded in 2015, Lightbits has developed non-volatile memory express (NVMe)…
