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Violin Memory raises US$35 million

Violin Memory has raised US$35 Million in a second round of funding that included Toshiba Corp. Toshiba previously invested in the Mountain View company in April 2010. Also joining the new round was the Sunnyvale-based networking equipment maker Juniper Networks along with corporate partners and unnamed investors.

Violin Memory is developing data centre storage systems that use flash memory, which offers faster speed but until recently has been more expensive than hard-disk technology

Source: San Francisco Business Times

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