Graid Technology Secures $15 Million Series A Funding

GRAID Technology, Inc. secured a $15 million series A funding round, led by Capital TEN.

Additional investors include Cathay Venture Inc., China Investment & Development Company Ltd., Huitung Investments, Neo Capital Investment Corporation Ltd., Paragon Investments Inc., and Yuanta Venture Capital Co. Ltd.

This funding round positions the start-up to continue to deliver data protection products across WW OEM and enterprise markets.

“GRAID is revolutionizing the way that end users look at data protection,” said Le-Chun Wang, president, Capital TEN. “The SupremeRAID solution offers unmatched flexibility and performance benefits for today’s data center workloads, plus the adaptability to handle the emerging workloads of tomorrow.”

GRAID is in Software-Composable Infrastructure (SCI), where compute, storage, and networking resources should be abstracted from their physical locations and managed by software through a web-based interface. SCI makes data center resources as readily available as cloud services and is the foundation for private and hybrid cloud solutions.

“Along with the emergence of NVMe SSD and NVMeoF technologies, we clearly see SupremeRAID as a foundational SCI technology to disaggregate storage resources without sacrificing performance and latency,” said founder and CEO Leander Yu. “Our investors are focused on growing disruptive technology with huge market potential. We believe that the SupremeRAID solution is the most disruptive technology introduced to the storage industry in the last 20 years.”

GRAID Technology is headquartered in Santa Clara, CA with an office in Ontario, CA and an R&D center in Taipei, Taiwan. Named one of the Ten Hottest Storage Start-ups of 2021 by CRN, SupremeRAID performance is an NVMe and NVMeoF RAID card to unlock the potential of SSD performance: a single SupremeRAID card delivers 16 million IO/s and 110GB/s of throughput.