Shunwei leads $25m Series B for US, China-based ScaleFlux

Along with Shunwei, several unnamed strategic investors also took part in the round, according to a statement. The new investment brings ScaleFlux’s total capital raised to $40 million. The company will use the new capital to accelerate its global expansion plans and new product innovation.

ScaleFlux was founded in 2014 and specializes in producing computational storage subsystem (CSS) solutions for data center operators. CSS provides responsive performance and affordable scaling for applications with heavy computational and input/output intensity requirements. ScaleFlux’s products are designed for easy deployment and replacement across a range of systems.

“Easy integration into standard server and storage systems makes ScaleFlux computational storage an incredible asset to cloud and webscale data center environments,” said Tuck Lye Koh, founding partner and CEO of Shunwei. “We are thrilled to work with the ScaleFlux team, which has efficiently delivered high-value innovation into the multi-billion dollar flash storage market.”

Shunwei was founded in 2011 by Koh and Lei Jun, the founder of Xiaomi. It focuses on early and growth-stage technology start-ups with the potential to disrupt traditional industries. Currently, the firm claims over $2 billion in funds under management.

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• Topics
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