< back to
    press releases
About Us Entrepreneurs Portfolio Investors Press Contact
WOODSIDE FUND
      Press  >  Releases  >  Aristos Logic Corporation
 
 

September 23, 2004

Aristos Logic Secures $12 Million In Funding

Pioneer Of RAID Storage Processor Technology Will Use Funds For Ramping Production, Marketing And Next Generation Product Development

Foothill Ranch, California - September 23, 2004 - Aristos Logic, the industry leader in RAID Storage Processor (RSPTM) technology, announced today that it has completed a $12 million dollar Series-D funding round, bringing the total funding to $65 million. Existing investors JP Morgan Partners, TPG Ventures, Woodside Fund and QTV Capital led the current round of funding. The increased valuation for this round reflects the company's outstanding product and customer traction.

Aristos Logic will use these funds towards ramping its first generation silicon and software products based on RAID Storage Processor technology into volume production and launching the second-generation products. The company will also use the proceeds to develop its third generation products and to expand its international sales and marketing programs.

"We are pleased with Aristos Logic's progress and believe that the company is well positioned to capitalize on the industry's transition from traditional RAID architectures to highly integrated, purpose built RAID Storage Processors," said Vikram Gupta of JP Morgan Partners.

Commenting on the company's technology, Steve Foster of TPG Ventures stated, "Aristos Logic has not only delivered a silicon solution that provides industry leading cost/performance, but has also built a powerful software kernel that enables customers to get to the market in shortest possible time". Added Rick Shriner of Woodside Fund, "Our continued commitment to Aristos Logic is further evidence of the strong traction the company has generated with leading storage OEM customers".

"This funding validates investor confidence in our vision of making dedicated RAID Storage Processors the fundamental building blocks of storage systems. Our RSP based products eliminate the I/O bottleneck, deliver an unprecedented level of price/performance while providing our customers a framework for integrating their differentiating management infrastructure," said Anil Gupta, CEO of Aristos Logic. "Even as our lead customers are preparing to launch their initial products designed with our RSP, many are already designing their next products around our second generation RAID Storage Processor," added Gupta.

Headquartered in Foothill Ranch, California, Aristos Logic creates special-purpose processors that bring new levels of performance, efficiency, features and cost-effectiveness to enterprise storage controllers for networked storage products. The company's dedicated RAID Storage Processors offer unbeatable price-performance for entry-level products and scalability for mid-range products. Aristos processors, together with Aristos software, provide a base level of RAID functionality that system vendors can use as a foundation for their own value-added features. For further information, please visit our Web site at www.aristoslogic.com.

Contact:

Adam Zagorski
Aristos Logic Corporation
Phone: (949) 380-3447
a.zagorski@aristoslogic.com

 

For all press related questions or comments, please contact Matt Bolton at mattb@woodsidefund.com
or phone 650.610.8050.

www.woodsidefund.com

 

                                      
 

 

Contact Us       Legal       Copyright © 2008 Woodside Fund. All Rights Reserved.