Fusion-io Raises $19M

Salt Lake City-based Fusion-io said Monday that it has raised $19M in a Series A funding, led by New Enterprise Associates. Other investors in the firm were not disclosed. Fusion-io said it is developing solid state data storage devices, starting with a PCIe card called the ioDrive. Fusion-io said that the funding from the venture capital round wil lbe used to manufacture the firm's ioDrive product. More information »