Fusion-io Closes $19 million in Series A Funding

Fusion-io, the leader in enterprise solid-state architecture and high
performance I/O solutions, today announced that it has closed $19M in
Series A funding from a group of investors led by New Enterprise
Associates (NEA), one of the leading U.S.-based venture capitalist firms.

“The breakthrough technology Fusion-io has
developed will change the way companies think about their storage
architecture,” said Scott Sandell, general
partner, NEA. “The company’s
innovative plug-and-play approach to storage will open up a world of
possibilities previously not available with traditional storage
architecture.”

Founded in 2006, Fusion-io, has reinvented storage and storage
architecture to leverage new advances in solid state design and
manufacturing. The funds from this round will be used to manufacture the
company’s first product, the ioDrive –
a PCIe Card that delivers the power of a storage area network (SAN) at a
fraction of the size and power.

“Our investors have recognized that Fusion-io
is an innovator and they are committed to providing the company with the
best resources to succeed,” said David Flynn,
co-founder and chief technology officer, Fusion-io.

Don Basile, chief executive officer, Fusion-io noted that “the
present investment in Fusion-io shows confidence in our product and
technology, and validates our goal to deliver the best product on the
market.”

Fusion-io