Type Subsidiary Founder Dave Wright, CEO Founded 2010 Parent organization NetApp | Industry Software Website www.solidfire.com Headquarters Boulder | |
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Solidfire is a software company
SolidFire was a Boulder, Colorado-based privately held flash-storage and software-development company. The company was acquired in 2015 by storage and data management company NetApp. As of November 2016, Netapp continued to use the SolidFire name, selling the company's products as NetApp SolidFire.
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History
SolidFire was founded in December 2009 in Atlanta, Georgia by CEO Dave Wright, to provide cloud service providers with storage systems. Wright had earlier founded file storage and backup service Jungle Disk, which was acquired by Rackspace in 2008. The company was headquartered in Boulder, Colorado, with additional offices worldwide. The company initially sold all-flash storage products to service providers. In 2012, the company began selling its arrays to both private and public consumers. In December 2015, NetApp bought SolidFire for $870 million in cash, closing in January 2016.
Funding
In February 2011, the company secured USD$11 Million in Series A funding led by VC New Enterprise Associates. Later that year, the company, then just a handful of employees, relocated to Boulder, Colorado to take advantage of that area's data and storage technology workforce. At the time, Boulder was one of three main U.S. data storage hubs, the others being Boston and Silicon Valley. In October 2011, the company raised $25 million in a second round of funding led by New Enterprise Associates.
In October 2014, the company raised an additional USD$82 million in a Series D funding round led by venture capital firm Greenspring Associates. It was reportedly the largest VC round in years for Colorado's storage industry, and brought company funding to date to USD$150 million.
Reception
In 2016, technology consulting firm Gartner ranked SolidFire (as part of NetApp) in its leaders category.