Fusion-io Raises $47.5M, Names CEO

ORLANDO, Fla. -- At Storage Networking World Spring 2009, Fusion-io announced today that it closed $47.5 million in Series B funding from a group of investors led by global venture capital firm Lightspeed Venture Partners.

The company also announced that David Bradford, a technology industry veteran, has been named CEO of Fusion-io. Mr. Bradford will lead the companys strategic expansion, seizing the opportunity to help transform the corporate data centers of the world with Fusion-io's revolutionary solid state storage solutions. Fusion-io offers the first true fusion of high-performance I/O and network storage, replacing racks of storage disks with a single card that fits in the palm of your hand.

Fusion-io, recently voted the world’s No. 1 up-and-coming innovator in a BusinessWeek readers’ poll, is experiencing substantially increased momentum, adding hundreds of new customers with deployments across multiple industries. The company has also made a series of announcements regarding OEM and working agreements with HP, IBM and Dell.

Fusion-io Inc.