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Fusion-io

Product Name

ioMemory & the ioDrive

Market Segment

Enabling Technology

Funding

Privately held by angel investors, $1.5 million. Preparing to close a $6 to 9 million Series A.

Competitors

No direct competitors. Secondary competitors include Seagate, Western Digital, Quantum, Maxtor, LSI Logic, Adaptec, SSD’s.

Product Description

Today’s world is about fast, reliable access to data. ioMemory is a revolutionary new storage architecture based on high-density NAND that is designed to fill the performance gap between memory and storage, offering access rates comparable to DRAM with the storage capacity of disks. ioMemory is the foundation for the world’s first high-performance, silicon-based SAN/NAS solutions making data access faster, better and easier.

Market Opportunity

ioMemory will compete in the mid to high-end performance Storage Equipment Market. This market sub-segment represents approximately $6 billion annual industry revenue, and consists of the mid-to high-end enterprise storage equipment (including HDDs, switches, HBAs, etc.). IDC’s Worldwide HDD Shipment and Revenue Forecast estimates HDD shipments at $6.780 billion in the U.S. in 2008.

Demo Says

ioMemory & the ioDrive may prove to be among the most important products ever to launch at DEMO. As our volumes of data and digital media soars, ioMemory addresses well the new demands of the digital content age. Yet this high-performance, high-capacity, small-footprint, low-impact storage technology may have tremendous implications for the design of data centers and their impact on energy consumption, as much as for the product’s capability as a high-speed storage solution.