NetApp agreed to acquire SolidFire for $870 million in cash.
SolidFire specializes in all-flash storage systems for next-generation data centers.
“This acquisition will benefit current and future customers looking to gain the benefits of webscale cloud providers for their own data centers,” said George Kurian, chief executive officer of NetApp. “SolidFire combines the performance and economics of all-flash storage with a webscale architecture that radically simplifies data center operations and enables rapid deployments of new applications. We look forward to extending NetApp’s flash leadership with the SolidFire team, products and partner ecosystem, and to accelerating flash adoption through NetApp’s large partner and customer base.”
SolidFire Raises $82 Million for Flash Storage
SolidFire, a start-up based in Boulder, Colorado, closed $82 million in Series D funding for its all-flash storage systems.
SolidFire said its revenue grew over 700 percent in 2013 and has increased over 50 percent quarter over quarter in 2014. Its customer base is approximately a 50:50 service provider/enterprise.
The latest investments bring the company’s total funding to $150 million. New investor Greenspring Associates led the round along with a major sovereign wealth fund, with participation from current investors NEA, Novak Biddle, Samsung Ventures and Valhalla Partners.