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Fusion-io Grabs $19M Funding

PCI Express (PCIe) startup Fusion-io has clinched $19 million in Series A funding, and also took the wraps off its new CEO today.

The round, which was led by New Enterprise Associates, is already earmarked for a sales and marketing push, according to the incoming CEO, Don Basile.

"We're going to use it to expand our adoption by our customer base -- it's primarily to drive sales," he says. "We're actually hiring in the sales area."

The startup, which has been largely in stealth mode since it was founded in 2006, has over 50 employees, although Basile says that this figure could reach 150 within the next 12 months.

The former IBM and AT&T Bell Labs exec takes the reins from Fusion-io co-founder Rick White, who becomes the startup's chief marketing officer.

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