ScaleFlux Raises $25M Series B Funding to Expand Global Business and Fuel Innovation Growth

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SAN JOSE CA, March 20, 2018 – ScaleFlux, Inc., the pioneer in the deployment of Computational Storage at scale, announced it has raised $25M in Series B funding to accelerate global expansion and new product innovation. The round was led by Shunwei Capital and includes multiple Tier-1 strategic corporate investors. This round brings the total invested to date over $40M.

“ScaleFlux Computational Storage is poised to revolutionize how the most demanding transactional and analytical data center applications scale and generate revenue for businesses industry-wide. Easy integration into standard server and storage systems makes ScaleFlux Computational Storage an incredible asset to Cloud and Webscale data center environments,” said Tuck Lye Koh, Founding Partner and CEO of Shunwei Capital. “We are thrilled to work with the ScaleFlux team who has efficiently delivered high-value innovation into the multi-billion dollar flash storage market, with the agility and execution capabilities to quickly support next generation applications as they emerge in this vibrant data-driven ecosystem.”

Shipping in volume for revenue production, ScaleFlux Computational Storage is proven across Database, Big Data, and Data Warehousing applications to dramatically improve IT infrastructure efficiency and enable customers with new revenue generating application performance. As easy to deploy as a standard PCIe SSD, ScaleFlux Computational Storage extends low-latency 3D-NAND Flash storage to address both I/O and algorithmically intense computational bottlenecks. By cohesively solving storage and compute bottlenecks together, application run-time is minimized, flash capacity utilization is optimized, and total cost of ownership is enhanced for advanced data center compute and storage infrastructure.

“It is an honor to add Shunwei Capital to our Board of Directors and to directly benefit from their extensive knowledge, experience, and industry network to quickly scale our business across the entire IT internet industry,” said Hao Zhong, Co-Founder and CEO of ScaleFlux. “This funding will accelerate our Computational Storage deployments in global markets while also expanding the number of applications and use cases we support.”

Source: http://www.scaleflux.com/news.html

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