A storage start-up called Fusion-io that claims it can deliver speeds 1,000 times faster than a single disk drive has made its first product generally available and has secured US$19 million (NZ$23.8 million) in venture capital.
Fusion-io, which launched at a recent Network World US event, claims to deliver the power of a storage-area network at a fraction of the power and cost with its silicon-based product, the ioDrive, which fits into a PCIe slot.
Initially available in sizes ranging from 80Gb to 320GB, Fusion-io says the PCIe card delivers 100,000 IOPS (input/output operations per second). A single disk drive typically delivers about 100 IOPS, so one ioDrive card delivers speed that's equivalent to 1,000 disk drives aggregated in a SAN, Fusion-io officials say.
Deni Connor, an analyst at Storage Strategies NOW, says "It's an interesting approach", but "I don't necessarily believe they're going to replace SANs. It's a good approach for giving new life to servers for running transaction-intensive operations."
Fusion-io's technology is analogous to EMC's recently introduced flash-based solid state disk product dubbed "tier zero", Connor says. The Fusion-io PCIe card would be useful for SQL Server or Oracle databases, and also allows customers to extend use of direct-attached storage in servers, she says.
While Fusion-io says it is targeting large organisations, Connor says SANs will remain the technology of choice for very large transaction-intensive environments such as CRM applications and customer-facing web applications. Large organisations may choose to use both Fusion-io technology and disk drives, she says.
Fusion-io, founded in 2006 and based in Salt Lake City, raised US$19 million in a funding round led by venture capitalist New Enterprise Associates. Fusion-io was founded by CEO Don Basile, CTO David Flynn, and chief marketing officer Rick White.
Fusion-io has more than 60 paying customers, mainly large internet properties and financial institutions, says Basile, who previously held positions with several cable and internet start-ups, and worked in venture capital.
A typical customer will buy at least two ioDrives; two drives could be enough to store the entire transaction history of the Nasdaq stock exchange, says Flynn, who previously built supercomputers as chief architect at Linux Networx.
The ioDrive's current maximum of 320GB will be doubled to 640GB by the end of this year and surpass 1TB by next year, Flynn says.
The 80Gb version costs US$2,400, while the 160Gb and 320Gb go for US$4,800 and US$8,900, respectively.