|By Maureen O'Gara||
|February 25, 2013 09:00 AM EST||
Flash storage array start-up Violin Memory is storing up greenbacks.
According to an amended SEC filing made late last week it's gotten $96.3 million out of what may become $130 million in new funding.
All Things Digital reports hearing the financing was done at an implied valuation of $850 million to fund operations ahead of a delayed IPO that was supposed to come off late last year and is now supposedly targeted for early May. Granted that seems an awful lot of money for just a few months.
Violin reportedly filed to go public under that newfangled Jumpstart Our Business Startups Act that lets companies keep their financials hush-hush until close to going public.
As of last April Violin had raised $172 million, money that came from Juniper Networks, Toshiba, SAP Ventures, Highland Capital and GE Capital.
The new money reportedly comes from a flock of 126 private investors.
The Register toys with the idea that maybe Violin is using the money as a hex sign to ward off a would-be acquirer.
- Source Claims SCO Will Sue Google
- Latest SCO News is Plain Weird
- SCO Claims Linux Lifted ELF
- IBM Tells SCO Court It Can't Find AIX-on-Power Code
- HP Starts Pushing Desktop Linux
- Linux Business Week Exclusive: Linux Kernel To Be Re-Written To Counter Microsoft FUD
- CSN Asks Judge To Unseal the SCO-IBM Court Record
- IBM's Got Its Head in the Clouds
- Noorda's Daughter Committed Suicide
- SCO vs IBM Latest: SCO To Request Unsealing of Most Documents, Claims O'Gara
- Novell Tried to Buy SUSE, Sources Say
- IBM CEO Ordered to Turn Over Linux Secrets to SCO