The company takes in a $50m round at an $800m valuation from backers including SAP, Toshiba and Juniper Networks, when it had reportedly been slated for a flotation in the first quarter or this month.
SAP’s corporate venturing unit has joined technology corporates Toshiba and Juniper Networks backing US-based computer memory company Violin Memory, taking the company to a more than $800m valuation, in the $50m round on Monday.
The corporates were joined in the series D round by venture firm Highland Capital Partners and other unnamed investors.
Violin Memory added that other unannounced public companies had backed the round.
Gaurav Tewari, a director of SAP Ventures, will be joining Violin’s board as an…
