Western Digital Invests $51 Million in Skyera
Skyera and Western Digital today announced that Skyera has received strategic funding from Western Digital Capital as part of its recently announced Series B round of financing. Western Digital Capital co-invested in the $51 million round as an extension of the strategic relationship between the two companies that also includes joint technology development. Western Digital had previously funded Skyera as its initial outside investor. Skyera’s skyHawk series of enterprise solid-state storage systems, priced at an industry breakthrough price point of less than $3 per gigabyte, mark the first time that the latest generation 19/20nm solid-state technology can be used as a direct replacement for traditional enterprise hard disk-based systems.
One of our primary goals in developing strategic relationships with technology innovators in the broader storage ecosystem is to enable customers to develop highly optimized storage solutions that meet their changing data management needs, said Steve Milligan, president and chief executive officer, Western Digital. We see companies like Skyera as offering a dramatic improvement over traditional approaches to emerging storage challenges. We will continue to support innovation by collaborating with customers and partners, and investing in companies who are addressing todays most exciting storage opportunities.
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