Posted: July 31, 2012
Colorado Companies to Watch spotlight: SolidFireBy the staff of ColoradoBiz
Snapshot: Boulder-based SolidFire delivers high-performance and high-efficiency primary storage systems for cloud service providers. The company believes traditional storage is way too slow, far too complex and much too expensive to deliver the services large-scale cloud computing environments demand.
Leadership: Dave Wright founded SolidFire in 2009 and has been CEO from the outset.
Pivotal moment: In the spring of 2011, Wright made the decision to relocate SolidFire from Atlanta to Boulder. He knew Colorado’s Front Range has a deep storage history and would provide the key talent needed to grow the company. In November 2011, SolidFire received $25 million in B round funding, bringing total company funding to $37 million. Besides serving as a great endorsement of SolidFire’s business model, the funding has allowed the company to bolster its team and secure the resources needed to change the way the world uses the cloud.
Technological edge: SolidFire’s exclusive use of flash memory combined with revolutionary efficiencies drastically reduces the power and cooling footprint within the data center.
Innovation: Traditional data storage technologies are unable to support the growing demand to operate business-critical applications in the cloud. One of the primary limiters of this migration is the lack of predictable performance. SolidFire provides a patented, all-solid-state storage system designed specifically for cloud providers that enable it to guarantee performance to thousands of customers within a shared infrastructure – something it says no other storage company is capable of today.