Chinese SSD Maker RunCore Got $10 Million Investment

RunCore Innovation Technology Co., Ltd., manufacturer of rugged SSDs has closed $10 million in Series B financing led by OFC (Oriental Fortune Capital).

RunCore is the largest maker and supplier of SSDs in China, and has been one of the world’s fastest growing SSD companies, with a revenue growth rate of over 700% by listing in the 2011 Deloitte Technology Fast 50 China.
 
"We believe that now is the best time to introduce the excellent strategic investors, and rapidly achieve company globalization", said RunCore co-founder and CEO Jack Wu. "The global solid state storage is booming, we hope to take this opportunity to explore business opportunities with our new partner in the future."

"After several investigations and study, we believe that it is a right choice to cooperate with RunCore. It surely would bring us a win-win in business," said Mr. Chen, CEO of OFC.

RunCore’s expertise is strong in the enterprise and industrial sectors, where reliability, speed and energy efficiency of utmost importance.

This funding will be used to accelerate the R&D of latest solid state storage technology.