Fusion-io
| Type | Public (NYSE: FIO) |
|---|---|
| Industry | Solid State Storage |
| Founded | 2006 |
| Founder(s) | Rick White and David Flynn |
| Headquarters |
Cottonwood Heights, Utah, U.S. San Jose, California |
| Area served | Worldwide |
| Key people | David Flynn, CEO and a Founder Steve Wozniak, Chief Scientist |
| Products | ioDrive |
| Website | www.fusionio.com |
Fusion-io is a computer hardware and software systems company based in Cottonwood Heights, Utah, that designs and manufactures what it calls a new memory tier based on NAND Flash memory technology. It was named the number one promising information technology company by The Wall Street Journal in March 2010.[1]
Founded in 2006 and producing products by 2007,[2] it attracted attention in February 2009 by hiring Apple Inc. co-founder Steve Wozniak as its chief scientist.[3]
Contents |
[edit] OEM partnerships
Fusion-io has partnerships with Hewlett-Packard, IBM, Dell, and Supermicro, which is due in part to its server-centric architecture called ioMemory.[4][5] IBM’s project Quicksilver,[6] based on Fusion-io technology, showed that solid-state technology in 2008 could deliver the fastest performance of its time: 1 million IOPS.[7] As of December 2009, IBM has offered the High IOPS SSD PCIe Adapter, based on the ioDrive, as the only PCIe-based solid-state storage solution for use in IBM servers.[5][8] HP worked with Fusion-io to create the IO Accelerator specifically for HP's BladeSystem C-Series servers in March 2009.[9]
[edit] Finance & Funding
In March 2008, Fusion-io raised $19 million in a Series A round of funding from a group of investors led by New Enterprise Associates.[10] Michael Dell invested in Fusion-io during this round.[4]
Just over one year later, Fusion-io raised $47.5 million in a Series B round of funding from a group of investors led by Lightspeed Venture Partners in April 2009.[11] Samsung later invested in Fusion-io in October 2009, signaling a deeper partnership between the two companies.[12]
A third round of funding led by Meritech Capital Partners, with additional capital from Accel Partners and Andreessen Horowitz, provided a total of $45 million in April 2010 to help Fusion-io's expansion.[13]
On March 9, 2010, Fusion-io filed with the SEC to raise up to $150 million in an initial public offering. [14]
On June 7, 2011, Fusion-IO announced that it increased the price of its IPO to $16 to $18 per share, which put the company's total value at $1.4 billion. The company had previously priced its shares at $13 to $15 per share, which valued the company at as much as $1.17 billion. [15]
[edit] Nods
Chosen as Red Herring Top 100 Global Company in February 2009.[16]
Chosen “No. 1 innovation up-and-comer in the world” by BusinessWeek reader poll.[4]
Awarded Demo God[17] in 2007 for ioDrive and ioMemory[18], and the following year for ioSAN.[19]
[edit] References
- ^ Debaise, Colleen and Scott Austin (2010-03-09). "Sizing Up Promising Young Firms". The Wall Street Journal. http://online.wsj.com/article/SB10001424052748703915204575104222702359984.html.
- ^ "Fusion-io announces ioDrive, placing the power of a SAN in the palm of your hand". Fusion-io. 2007-09-25. http://www.fusionio.com/load/media-docsPress/fbdzz/Pressrelease_SANinhand.pdf. Retrieved 2010-08-08.
- ^ Vance, Ashlee (2009-02-04). "Wozniak Accepts Post at a Storage Start-Up". The New York Times. http://www.nytimes.com/2009/02/05/technology/business-computing/05wozniak.html?_r=3&scp=1&sq=fusion-io&st=cse.
- ^ a b c Hesseldahl, Arik (2009-03-30). "How Fusion-io Improves Companies' Memory". Bloomburg.com. http://www.businessweek.com/innovate/content/mar2009/id20090330_618318.htm.
- ^ a b Preimesberger, Chris (2009-12-09). "IBM Hooks Up with Wozniak, Fusion-io in OEM Pact for SSDs". eweek.com. http://www.eweek.com/c/a/Data-Storage/IBM-Hooks-Up-with-Wozniak-Fusionio-in-OEM-Pact-for-SSDs-804816/. Retrieved 2010-07-28.
- ^ "Fusion-io and IBM Team to Improve Enterprise Storage Performance". Fusion-io. 2008-09-03. http://www.fusionio.com/press/Fusion-io-and-IBM-Team-to-Improve-Enterprise-Storage/. Retrieved 2010-08-03.
- ^ Whyte, Barry (2008-08-20). "1M IOPs from Flash - actions speak louder than words". IBM.com. https://www.ibm.com/developerworks/mydeveloperworks/blogs/storagevirtualization/entry/1m_iops_from_flash_actions?lang=en.
- ^ "IBM Solid State Storage - PCIe Adapters". IBM.com. http://www-03.ibm.com/systems/storage/disk/ssd/ssd_adapters.html. Retrieved 2010-07-22.
- ^ Chris Preimesberger (2009-04-06). "1M IOPs from Flash - actions speak louder than words". eweek.com. http://www.eweek.com/c/a/Data-Storage/Fusionio-HP-Team-Up-for-1M-IOPs-8GBs-Throughput-Ben-362772/.
- ^ "Fusion-io Closes $19M in Series A Funding". NEA.com. 2008-03-31. http://portal.nea.com/ID=5396/TYPE=2541/Fusion-io.pdf. Retrieved 2010-07-25.
- ^ Murph, Darren (2009-04-07). "Fusion-io nabs more funding, teases new PCIe-based ioSAN". engadet.com. http://www.engadget.com/2009/04/07/fusion-io-nabs-more-funding-teases-new-pcie-based-iosan/.
- ^ Savov, Vlad (2009-10-21). "Samsung invests in Fusion-io, takes relationship to 'a new level'". engadget.com. http://www.engadget.com/2009/10/21/samsung-invests-in-fusion-io-takes-relationship-to-a-new-level/.
- ^ Clark, Don (2010-04-18). "Storage Startup Fusion-io Continues Rapid Pace". blogs.wsj.com. http://blogs.wsj.com/digits/2010/04/18/storage-startup-fusion-io-continues-rapid-pace/?KEYWORDS=fusion-io.
- ^ http://www.renaissancecapital.com/ipohome/news/Data-centralization-company-Fusion-io-files-for-$150-million-IPO-9137.html
- ^ Leena Rao, TechCrunch. "Fusion-io Ups Price Of IPO To $16 To $18 Per Share; Now Valued At $1.4 Billion." Jun 7, 2011. Retrieved Jun 7, 2011.
- ^ "Fusion-io Awarded Red Herring Top 100 Global Company". fusionio.com. http://www.fusionio.com/press/Fusion-io-Awarded-Red-Herring-Top-100-Global-Company/. Retrieved 2011-10-22.
- ^ "DEMOgod". DEMO.com. http://www.demo.com/demonstrators/demogods.html. Retrieved 2010-07-23.
- ^ "DEMOfall 2007 DEMOgods". DEMO.com. http://www.demo.com/demonstrators/demo2007fall/112995.html. Retrieved 2010-07-23.
- ^ "DEMOfall 08 DEMOgods". DEMO.com. http://www.demo.com/demonstrators/demo2008fall/147347.html. Retrieved 2010-07-23.
[edit] External links
- www.fusionio.com Fusion-io's Official web-site
|
||||||||||||||||||||||||||||
