China’s Memblaze, a flash memory maker has announced it raising Series C funding led by General Technology Venture Capital Co (GTVC) and Qualcomm Ventures.
Founded in 2011 by Yin Xuebing and Lu Xiangfeng, the company Memblaze focuses to manufacture high quality flash storage products for the China market and offer efficient and reliable data processing acceleration service for large data centers. In the period of four years, the company has achieved strong performance holds key customers in China like Baidu, Qihoo and Tencent. It has also set up offices in North America and Europe along with improved distribution systems in Japan, South Korea and Southeast Asia. With clients all over the world, it is an influential vendor in China’s flash memory industry.
With the fresh funds, Memblaze plans to use its resources into data centers and continue to help expand both parties’ efforts in Chinese enterprise space. “After this round of financing, we will continue to boost our investments in technology R&D, and attract more outstanding talents to join our company. In the meantime, we’ll invest more in international market development, expand our sales channels, and strengthen our cooperation with international chip, server and solution manufacturers, among other suppliers, to jointly expand the international market,” said Yin Xuebing, Memblaze CEO.
“Memblaze has made outstanding achievements in the field of flash storage. GTVC will tap into the powerful resource system of its shareholder, China General Technology, to provide strong support for Memblaze’s vertical industry and business expansion in the global market,” said Bao Jingming, GTVC Vice President.
Innovation has been the push factor for the growth of Memblaze. It is working to create and change the future landscape of the storage industry. Apart from the NVME-supporting PBlaze4 SSD launched some months ago, FlashRAID – a data protection and storage management systems developed for NVMe SSD – has also been added to the product road map.