Link_A_Media Secures $18 Million in Series C Funding
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.
|
Related News
- Kandou Secures $56 Million in Series C Funding
- SiFive Secures $50.6 Million Funding to Advance RISC-V Based Semiconductors
- Link_A_Media Devices Secures $16 Million in Series D Funding
- Nanochip Secures $10 Million in Series C Funding Led by Intel Capital; Investment Round to Provide for Commercialization of Ultra-High-Capacity Removable Storage Chips
- Pragmatic Semiconductor increases Series C funding to $125 million
Breaking News
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
E-mail This Article | Printer-Friendly Page |