TenaFe Inc., a start-up which develops revolutionary SSD (Solid State Drive) controller technologies, raises $29M in its Series A funding led by a stellar consortium of international investors including Eight Roads Ventures and Northern Light Venture Capital. The funds will be used to accelerate its product development and introduction into client and data center markets.
Explosion in real-time data all the way from edge devices to data center have created an intense demand for high performance and high reliability SSDs. However, successful deployment of small form factors SSD are being impeded by thermal challenges in existing solutions. TenaFe with its transformative patented technology can breakthrough this barrier and allow massive deployment in high performance applications at lowest power consumption. In addition to that, TenaFe’s leading-edge zero latency compression algorithm is making it possible for data center companies to cope with enormous amount of data to be stored without compromising data integrity and performance.
Ted Chua, Partner at Eight Roads said, “TenaFe has a unique value proposition with the architectural approach that reduces cost and power consumption while having an order of magnitude improvement in reliability and time-to-market. We are excited to co-lead this round and back a top-notch team to bring continued innovation in the storage space as the world starts embracing 5G for the next evolution of data infrastructure.”
TenaFe’s leadership has proven track record in bringing multiple advanced technology solutions to mass production. The rich experience of many product cycles in OEM environment inspired the creation of first of its kind failure analysis & prediction technology that revolutionizes the OEM customers qualification process.