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… Continue Reading
Schooner joins the flash memory battle
A startup called Schooner Information Technology emerged from stealth mode today with the announcement of two new products featuring smaller, cheaper, faster servers built using flash memory chips. The Menlo Park, Calif. startup has also raised $15 million in a first round of venture funding, according to VentureWire.
Schooner says it’s targeting the data centers of social networking sites and cloud computing companies, among others, because it’s crucial for them to store and retrieve their data… Continue Reading