Virident raises $26m in Series D round, hires new CEO

Sep 20, 2012 • Sida Liu

Mitsui Global Investments led the round for the company which has previously been backed by corporates including Intel, Cisco and chipmaker Spansion.

US-based enterprise flash storage company Virident has concluded a $26m series D round led by Mitsui Global Investments, and hires former BlueArc CEO, Mike Gustafson, as chief executive officer.

The round was led by Mitsui Global Investments and included venture capital (VC) firms Globespan Capital Partners, Sequoia Capital and Artiman Ventures. The conclusion of this latest round brings Virident’s total funding to $76m.

Three of the four firms involved were previous Virident investors. Artiman participated from Series A onwards, and…

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