Western Digital, which had already funded the solid-state storage company through its corporate venturing unit, will buy the company, also granting an exit to Dell.
HGST, a subsidiary of data and content storage company Western Digital, closed the acquisition of US-based solid-state storage technology developer Skyera on Monday for an undisclosed amount.
Western Digital initially provided Skyera’s series A funding before participating in the company’s $51.6m series B round in March 2013 through its Western Digital Ventures unit.
Dell Ventures, the corporate venturing arm of computer maker Dell, led that round, and HGST’s purchase of Skyera gave Dell Ventures its first exit of 2014.
Skyera will be fully integrated into HGST following the all-cash deal, enhancing HGST’s existing solid-state storage product portfolio.
Mike Cordano, president of HGST, said: “Western Digital and Skyera have had a long-term strategic partnership.
“By combining Skyera’s innovative flash platform with HGST’s leading solid-state storage solutions and flash virtualisation software we plan to provide breakthrough value and capabilities to help customers transform their cloud and enterprise data centre infrastructure.”
