Join Transform 2021 for the most important themes in enterprise AI & Data. Learn more.
Violin Memory and its super-fast Flash memory service is hurtling toward a highly successful IPO.
Bloomberg Businessweek reported today that the Silicon Valley company filed to go public under the Jumpstart Our Business Startups (JOBS) act. This allows Violin Memory to keep its public offering under the radar until three weeks prior to the roadshow; for this reason, it has not yet appeared in the U.S. Securities and Exchange Commission.
According to Bloomberg, the valuation on the table is a sky-high $2 billion.
Spokesperson Suzanne Chan declined to comment on Violin Memory’s filing.
Violin’s storage device are in Oracle’s and Cisco’s products, and it recently announced an alliance with Symantec. As we reported, Violin became a storage system maker in August — a major step up in the electronics food chain.
This spring, it raised a $50 million fourth-round, bringing its total venture capital funding to $172 million. At that time, it was valued at more than $800 million.
With the enterprise technology space on the upswing, this will be the second IPO this summer. Workday confounded expectations with its ass-kicking public offering. In early trading, the human resources software maker soared 72 percent.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform
- networking features, and more