BitMicro Raises $9.3M

BitMicro Networks Raises $9.3M in Latest Series F Round of Funding

September 10, 2007

1 Min Read
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FREMONT, Calif. -- BiTMICRO Networks, Inc., maker of intelligent flash IDE/ATA, SCSI, and Fibre Channel and SATA solid state disk (SSD) storage solutions, today announced the completion of $9.3 million in Series F funding with a team of investors led by Woodside Investments LP.

BiTMICRO intends to utilize the additional capital to further ramp production, sales and marketing operations, as well as support the companys aggressive R&D initiatives to create a new generation of flash based E-Disk solid state disk and semiconductor storage solutions. With this announcement, BiTMICRO’s total funding now stands at $31.4 million in private funding.

"We are excited to be part of a dynamic organization that has a long and proud history in flash SSD development," said Buck Carson, general partner for Woodside Investments. "The recent entry of a number of global semiconductor and Fortune 500 companies in the SSD market suggests that it is poised to take off in the next few years. Our latest investment in BiTMICRO is testimony to our group’s advocacy for the management team and the execution of its business strategies to catch that wave."

BitMicro Networks Inc.

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