Fusion-io

Profile Information

Conference
DEMO Spring 2012
Market Segment
Cloud Technologies
Funding Amount
Product Description
Fusion ioMemory offers one of the most efficient, cost effective resources for quickly processing data. This demo will showcase its evolving product line.
Funding Round
Funding Details
Above number reflects total VC funding raised by the company prior to its IPO. Further details listed below:In March 2008, Fusion-io raised $19 million in a Series A round of funding from a group of investors led by New Enterprise Associates. Michael Dell invested in Fusion-io during this round.Just over one year later, Fusion-io raised $47.5 million in a Series B round of funding from a group of investors led by Lightspeed Venture Partners in April 2009. Samsung later invested in Fusion-io in October 2009, signaling a deeper partnership between the two companies. A third round of funding led by Meritech Capital Partners, with additional capital from Accel Partners and Andreessen Horowitz, provided a total of $45 million in April 2010 to help Fusion-io's expansion. On March 9, 2010, Fusion-io filed with the SEC to raise up to $150 million in an initial public offering. On June 7, 2011, Fusion-IO announced that it increased the price of its IPO to $16 to $18 per share, which put the company's total value at $1.4 billion. The company had previously priced its shares at $13 to $15 per share, which valued the company at as much as $1.17 billion.
Competitors
No other company in the industry provides the combination of hardware and software that offers a complete system for data acceleration.
Market Opportunity
Fusion-io solutions are sold through a global direct sales force, as well as leading OEMs including Dell, HP, IBM, Supermicro and channel partners. Numerous industries rely on Fusion-io, including leading web businesses, social media, finance, security, government/military organizations that utilize ioMemory to supply their servers with mission critical data.

Company Contact

Contact
bbrumfield@fusionio.com
Company Address
2855 E. Cottonwood Parkway Suite 100, Salt Lake City, UT 84121
Primary Phone
917-224-7769
Officer One
Robert Brumfield - Media Relations Manager
Officer Two
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Officer Three
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Officer Four
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