Data Storage Company Fusion-io Raises $45 Million From Accel, Andreessen Horowitz And Others

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Fusion-io, a company that provides data storage technologies, has just raised $45 million in a Series C funding led by Meritech Capital Partner with Accel Partners, Andreessen Horowitz and Triangle Peak Partners, New Enterprise Associates and Lightspeed Venture Partners participating in the round. This brings Fusion-io’s total funding to over $110 million.

According to the Wall Street Journal, Samsung and Dell also participated in the latest round. Fusion-io’s flash-based chips help store data in smaller devices and is known for being an incredibly fast data storage solution.

The company says that it will use the funding towards increasing sales and development of its flash-based memory tier. Funding will also support product development of new technologies.

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