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SolidFire Locks in Additional $31 Million in Funding With Samsung

New all-SSD SF9010 delivers 3.4PB and 7.5 million IO/s, $3/GB

SolidFire, Inc. unveiled the SF9010, the largest and fastest all-SSD storage platform available on the market.

In addition, SolidFire revealed $31 million in series C financing from Samsung Venture Investment Corporation and insiders.

Costs Less Than Disk
The SF9010 is the third addition to the SolidFire product line, an all-flash scale-out storage systems designed for large scale public and private cloud infrastructures. At full scale (100 nodes) the it is the largest and fastest all-SSD storage platform delivering 3.4PB of effective capacity and 7.5 million IO/s. It also marks the milestone transition of all-flash storage infrastructure moving below the cost of traditional performance disk solutions. Customers building storage infrastructure from 60TB to 3.4PB can now do so below $3/GB and below $1/IO/s.

solidfire_sf9010

Along with the SF9010, the company also released Element OS Version 5, which adds VMware VAAI and VASA support, encryption-at-rest without performance impact, and more detailed per-volume and per-tenant performance reporting.

"The SF9010 really highlights SolidFire’s storage architecture in action," said SolidFire founder and CEO Dave Wright. "The system is incredibly flexible and is designed to consume the latest flash technology available. This enables us, and our customers, to keep pace with the rapid advances in the flash market and take advantage of falling cost and rising density. The SF9010 takes us across the threshold of flash becoming lower than the cost of performance disk."

"The recent announcement of Colt Technology Services’ deployment of SolidFire behind their top four shared storage service offerings speaks to service provider demand for tiering storage performance and delivering QoS (QoS) in the cloud," said Philbert Shih, MD, Structure Research. "The ability to guarantee performance to thousands of volumes within a shared storage infrastructure is a tough problem to solve and SolidFire’s technology enables that. Colt challenged more than 20 different vendors to the task and concluded only SolidFire was able to accomplish this task."

Samsung Ventures Places Money on SolidFire
SolidFire raised $31 Million in C Round financing, which brings its funding total to $68 million. Samsung Ventures joined existing investors NEA, Valhalla Partners, and Novak Biddle Venture Partners.

The funding will support SolidFire’s expansion of sales and marketing resources worldwide as they respond to growing enterprise and service provider demand. The SF9010 leverages Samsung’s latest 960GB MLC datacenter drives.

"We feel that SolidFire has very strong leadership of All-SSD Storage Platform in both public and private cloud computing markets," said Jay Chong, senior director, Samsung Ventures. "Their patent pending QoS capabilities and true scale-out architecture will put them in the right position as the cloud computing market matures."

"Samsung Ventures’ investment and partnership will have a significant impact on our business," commented Wright. "Their worldwide relationships and leadership in flash memory will allow us to expand our reach much further and faster than before."

The SF9010 is sold direct and will be available for order September 1, 2013.

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