Fusion-io lands more funding; Names CEO
Enterprise storage company Fusion-io said Tuesday that it has raised $47.5 million in venture capital and named David Bradford, a former Novell executive, as CEO.
Fusion-io's Series B funding was led by Lightspeed Venture Partners with New Enterprise Associates, Dell Ventures and Sumitomo Ventures (statement). All of those investors participated in Fusion-io's Series A round of funding. Fusion-io aims to bring high-performance solid state storage to corporate data centers via ioDrive (right) and ioSAN lineup. The general idea is to replace racks and storage disks with card with server attached solid-state technology.
The company has been on a bit of a tear of late, forging partnerships with IBM, HP and Dell. Fusion-io has also been touting its speed. On Monday, Fusion-io said that it was able to exceed 1 million IOPS (I/O Operations Per Second) and eight gigabytes per second (GB/s) of sustained throughput using a single HP ProLiant server.
As for the new CEO, Fusion-io moved to add a CEO as it prepped for its latest round of financing. For the last decade, Bradford served on the board of directors of Pervasive Software. Prior to that, Bradford worked as senior vice president and general counsel at Novell for 15 years.
Fusion-io also counts Steve Wozniak as an adviser.