Santa Clara, Calif. -- November 3, 2009 -- Link_A_Media Devices Corporation, a leader in data recovery and transport technologies for storage devices, secured $18 million series C funding. Lightspeed Venture Partners, a new investor in the company, led the funding round. Other key investors are ITOCHU Technology Ventures, Keynote Ventures, SunAmerica Ventures and several strategic partners. The funding enables Link_A_Media to accelerate bringing its products to market.
“I am very pleased with Link_A_Media’s ability to attract new and previous investors to this round. The interest we generated from the investment community is a direct reflection of the huge opportunity for the company in the storage markets based on our technology leadership,” said Dr. Hemant Thapar, CEO and chairman of Link_A_Media. “Over the past two years, we have begun deploying our leading technologies into custom SoC products for our customers to enable their next generation products. Strong customer interest in our technology is validating the imminent transitions in data recovery technology trends for peripheral storage devices, both hard disk drives (HDD) and solid state drives (SSD).”
With the closing of the series C funding, Link_A_Media also adds Chris Schaepe, managing director of Lightspeed Venture Partners, to its board of directors. A founder of Lightspeed Venture Partners, Schaepe has frequently been named to the Forbes Midas List of top venture capital investors.
“This recent funding will enable Link_A_Media to ramp volume sales while simultaneously extending its technology leadership position in the storage market,” said Schaepe. “Link_A_Media is leveraging the capabilities of a proven entrepreneurial team with decades of experience in the most sophisticated error correction technologies which can now be applied to flash memory as well as hard disk drive media. These advances are important given the need for greater storage capacity and lower cost in both enterprise and consumer applications.”
About Link_A_Media Devices
Link_A_Media Devices is a leader in the development of semiconductor SoC solutions for the data storage market. Its mixed signal processing and iterative data recovery technologies enable hard disk drive (HDD) and solid-state drive (SSD) OEMs to obtain the highest densities, highest drive yields and lowest power consumption. These advantages enable Link_A_Media Devices customers to continue to meet the growing demand for high-performance and low-cost data storage in consumer, computing and enterprise storage networking applications. For more information, visit www.linkamedia.com.