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  • Aristos Logic Secures $15 Million Funding in Series F Round

    September 26th, 2006 No comments

    Aristos Logic, the industry leader in RAID Storage Processor (RSP™) technology, announced recently that it has completed a $15 million Series F funding round. A new strategic investor led the round with participation from existing investors Panorama Capital (formerly JP Morgan Partners), TPG Ventures, Woodside Fund and QTV Capital. The round’s increased valuation reflects the company’s top tier design wins and the strength of the company’s fundamental technology.

    The Aristos Logic RAID Storage Processor is a purpose built device designed to accelerate the storage data path. Reference designs couple the RSP with enterprise-class Aristos RAID software, and relieve OEMs of the burden of developing their own RAID functionality. Aristos RAID software provides both base RAID functionality and optional advanced features, while providing OEM customers a framework for integrating their differentiating storage management features. The modularity and scalability of the RAID Storage Processor architecture enables a leveraged development path to cost effective Serial ATA, Serial Attached SCSI, Fibre Channel, and iSCSI based solutions.

    “Aristos Logic’s design wins with multiple top tier storage OEMS and ODMs signals an important and inevitable storage industry shift towards partnering with third parties for standardized RAID functionality,” said Steve Foster of TPG Ventures, speaking on behalf of the existing investor group. “We are extremely pleased with Aristos’ progress and are excited to share specifics publicly in the near-term. The Company’s high-quality design wins and continued strong traction with multiple tier 1 storage vendors, solidifies our commitment to Aristos Logic and their vision,” added Foster.

    “Similar to the transition that took place in the computing world, storage OEMS are adjusting their business models to meet the challenge of rapid technology changes and customer price-performance expectations. OEMs that have organically developed RAID in the past, are outsourcing RAID technology to trusted partners,” said Anil Gupta, CEO of Aristos Logic. “Product launches by our customers over the next few quarters will elevate Aristos as a formidable player in the storage industry,” stated Gupta.

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