The memory storage company has closed a $21m series C round, with funding from Intel and Cisco, as it announces its new Storage Class Memory (SCM) product.
US-based computer systems company Virident Systems closed its series C round yesterday, having raised $21m in financing from investors including computing and electronics corporation Cisco, and Intel Capital, the corporate venturing fund for semiconductor manufacturer Intel.
The round was led by Globespan Capital Partners, with participation from fellow venture capital (VC) firms Sequoia Capital and Artiman Ventures. In total, Virident has now raised $50.4m since it was founded in 2006.
Virident’s series A round raised $13.3m in 2007, with participation…
