Next-generation SATA and SAS Controller Experts to Expand Sales, Support, Marketing and Product Development
SAN JOSE, CALIF. – ARIO Data Networks, a leading provider of next-generation OEM building blocks for SATA and SAS storage subsystem solutions, today announced the completion of a $17 million series D round of venture financing led by Mellon Ventures. Joining Mellon as a new investor is Anthem Venture Partners. Additionally, ARIO Data's original investors - Clearstone Venture Partners, Partech International, Evercore and Sunsino Funds - participated in this new round of funding.
This most recent round raises ARIO Data's total funding to date to $34.3 million. ARIO Data will utilize the funds to expand product development, sales, and marketing activities. ARIO Data has already shipped over 10,000 SATA controllers to date and has several OEM design wins for its innovative SATA and SAS technology that enables the creation of modular, scalable, high density, low cost and high performance external storage subsystems. Concurrent with Mellon Venture's investment, Mark Patton of Mellon Ventures has joined ARIO Data's board of directors.
"ARIO Data's novel architecture extends the performance, connectivity, scalability, and flexibility of external storage subsystems," said Russ Krapf, CEO of ARIO Data. "This investment by our venture partners is a strong vote of confidence in ARIO Data and our proven ability to provide robust, cost effective, and innovative SATA and SAS solutions to our OEM partners."
"ARIO Data's ground-breaking serial I/O technology and architecture solves an urgent need for OEMs and their end user and channel customers," said Mark Patton, Vice President at Mellon Ventures. "ARIO Data is in an ideal position to become the leader in enabling the creation of modular, scalable, high density, low cost, and high performance next-generation SATA and SAS subsystems."
"The move towards SATA and SAS is altering the storage landscape," said Tony Asaro, a senior analyst at Enterprise Storage Group. "Customers are demanding lower cost storage and realize that they can store their data on different disk types and get more for less. The storage vendors are challenged with giving the customers what they want and need a way to minimize their costs while improving functionality and performance. ARIO is delivering the key SAS and SATA building blocks that help storage OEMs meet customer requirements."
About Mellon Ventures
Mellon Ventures is the $1.4 billion private equity investment partnership affiliated with Mellon Financial Corporation (NYSE: MEL). Since its inception in 1996, Mellon Ventures has invested in over 130 operating companies and more than 50 private equity partnerships. With offices in Atlanta, Los Angeles, New York and Pittsburgh, Mellon Ventures, Inc. invests in all stages of a company's growth cycle, from early stage to later stage growth financings and buyouts. Mellon Ventures investment professionals are industry-focused and organized by practice groups consisting of Financial and Business Services, Technology, and Growth and Buyouts. Mellon Ventures brings both operational expertise and a willingness to make strategic investments in opportunities that meet our criteria. In addition to capital, Mellon Ventures expects to assist Mellon's portfolio companies with their strategic and organizational development, and provide access to Mellon's individual and institutional relationships. Additional information is available at www.mellonventures.com..
About Anthem Venture Partners
Anthem Venture Partners is an early stage venture capital firm located in Santa Monica, CA, founded in 2000. Providing financial investment, operational and managerial expertise, and access to Anthem's network of professional contacts, Anthem helps entrepreneurs build the resources necessary to develop emerging technology companies. Anthem's greatest strength is its dedication and commitment to working closely with entrepreneurs through every stage of company development.
About ARIO Data Networks, Inc.
Privately held ARIO Data Networks, Inc. provides OEMs the essential building blocks to create high availability, high performance, high density, highly scalable, and highly modular serial I/O storage subsystem solutions. Utilizing next-generation SATA and SAS disk technology, intelligent I/O switching, and highly integrated ASICs, ARIO Data's products enable a dramatic reduction in subsystem TCO, while seamlessly integrating with existing storage infrastructure. ARIO Data's enhanced solutions are being deployed in SAN, NAS and DAS environments, with applications ranging from Information Lifecycle Management, to nearline storage, to disk-to-disk back up, to high performance scientific and engineering computing. Headquartered in San Jose, California, ARIO Data can be reached at: info@ariodata.com, www.ariodata.com, and (408) 432-8778.