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ACQUIRED COMPANY
 
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NexGen Storage  (Stock symbol: FIO ) Acquired by SanDisk (2014 $ 1,100,000,000 )

2130 Gold St., Suite 200
San Jose, CA 95002
USA
801-424-5500
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) H. Raymond Bingham (General Atlantic Managing Director) John F. Olsen (Business Objects Former COO) Scott D. Sandell (NEA General Partner) Forest Baskett (NEA General Partner) Dana L. Evan (VeriSign Former CFO) Edward H. Frank (Broadcom VP R&D)
Company

Business description: Fusion-io is a leading provider of enterprise solid-state technology and high-performance I/O solutions that unlock a world of possibilities for performance-starved applications, closing the gap between processing power and storage performance. The increasing demand for a next generation solid state storage technology is driven by advancements in computer processors which, following Moore's Law, have grown exponentially in performance. Mechanical disks, on the other hand, follow Newtonian Dynamics and experience lackluster performance improvements, introducing a performance gap. Ushering in a new era of silicon-based storage, Fusion-io offers several magnitudes of breakthrough performance at a fraction of the cost of today's traditional disk-based storage systems. The company's ioMemory architecture creates a new tier in the memory hierarchy - one that has 100 times the capacity density and 10 times the capacity per dollar of DRAM. NAND flash-based ioMemory makes it possible to have terabytes of near-memory-speed storage within each node - bringing extremely large memory problems and I/O bound analysis to a new level of cost effectiveness. The company is headquartered in Salt Lake City and has a sales office in San Jose.
Capital

Rounds: 2
Recent Fundings: Apr 2009   Mar 2008
Capital raised: 66.5M
Last Round: 47.5M
Ownership: Acquired by SanDisk (2014 $ 1,100,000,000 ) Ipo Filing
Stock Symbol: FIO
VCs include: NEA Samsung ;  Lightspeed Dell Ventures Triangle Peak Partnersa16z;  Sumitomo Ventures ;  Iron Capital Partners

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Overview
Record updated: Dec 2016
Sector: Storage
Year Founded: 2006
Rounds: 2
Recent Fundings: Apr 2009   Mar 2008
Capital Raised: 66.5M
Last Round: 47.5M
Ownership: Acquired by SanDisk (2014 $ 1,100,000,000 ) Ipo Filing
Stock Symbol: FIO