Schooner cruises to $20M for data center equipment

Schooner, maker of servers that incorporate both flash memory and multicore processors for high-speed performance, has brought in $20 million in a second round of financing from Menlo Ventures, CMEA Capital and Redpoint Ventures, reports VentureWire.

Based in Menlo Park, Calif., the company says its servers fit into the standard-style rack used by most data centers. It will use the new money to diversify its product portfolio to better target corporate data centers. Its two current servers are in beta testing and slated for general release in September.

Schooner previously raised $15 million in a first round of funding in 2007.