More funding for Fusion-io

Storage firm boosted

Flash storage vendor Fusion-io has landed another US$45 million in financing, bringing the company's backing to well over $100 million.

Fusion-io builds PCIe cards that are loaded with flash memory to speed up I/O-intensive applications. It got a major boost when it recruited Apple co-founder Steve Wozniak as chief scientist last year.

Flash memory is a hot part of the storage market, with EMC predicting that solid-state drives could eventually replace Fibre Channel.

The new $45 million in stock financing was led by Meritech Capital Partners.

Fusion-io will invest the new money into "scaling up infrastructure to support rapidly increasing sales" and supporting "development of next generation technologies and products".

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