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Graid Technology Secures $15M Usd Series A Funding, Accelerates Growth In The Data Storage & Protection Market

PRIVATEJan 25, 2022

Amount Raised

$15 Million

Round Type

Series A

Santa ClaraInformation TechnologySoftwareArtificial IntelligenceMachine Learning

Description

GRAID Technology announced today that it has secured a $15 million USD Series A funding round, led by Capital TEN. Additional investors include Cathay Venture Inc., China Investment & Development Company Ltd., Huitung Investments, Neo Capital Investment Corporation Ltd., Paragon Investments Inc., and Yuanta Venture Capital Co. Ltd. This funding round positions GRAID to continue to deliver industry leading data protection products across worldwide OEM and Enterprise markets.

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Company Information

Company

Graid Technology

Location

Santa Clara, California, United States

About

Graid Technology is a Santa Clara, CA-based company specializing in GPU-based RAID solutions for NVMe storage performance. They empower enterprise storage with their product SupremeRAID™, aiming to optimize NVMe SSD performance. The company focuses on driving product innovation and global expansion, particularly in the fields of AI, machine learning, and high-performance computing. Led by CEO and Founder Leander Yu, Graid Technology collaborates with OEMs and global technology providers.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Graid Technology raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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