Tech Company Financing Transactions
Virident Systems Funding Round
Virident Systems, operating out of Milpitas, raised $40 million from Seagate.
Transaction Overview
Company Name
Announced On
1/30/2013
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Seagate, which is the world's biggest supplier of hard drives to PC and server manufacturers, will offer a complete line of flash-based products to its OEM and distribution partners. It will also work jointly with Virident on developing new flash-based storage products.
Company Information
Company Status
Acquired or Merged
Industry
Components
Mailing Address
500 Yosemite Drive 108
Milpitas, CA 95035
USA
Milpitas, CA 95035
USA
Phone
Website
Email Address
Overview
Virident Systems enterprise-class Storage Class Memory (SCM) solutions deliver unconditional, consistent performance that supports the most data intensive content and applications. The inherent advantage associated with this disruptive technology revolutionizes computing by speeding application response time and optimizing datacenter efficiency for new levels of ROI.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Raj Parekh
Chief Executive Officer
Mike Gustafson
Chief Financial Officer
Bruce Horn
Chief Technical Officer
Vijay Karamcheti
Co-Founder
Kumar Ganapathy
VP - Customer Service
Ken Grohe
VP - Engineering
Prabhat Mishra
VP - Human Resources
Jean Okawaki
VP - Operations
Carl Munio
VP - Product Management
Shridar Subramanian
VP - Sales
Eric Taborek
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