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Virident Systems

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Computer company designing and building enterprise-class data storage devices

Milpitas, United StatesFounded 2006Other B2B Software
Valuation $500M–1B Last recorded · 2013
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Virident Systems and the history behind them.

About Virident Systems

Founded in June 2006 by Kumar Ganapathy, Vijay Karamcheti, and Raj Parekh, Virident Systems carved out a significant space in the enterprise storage market by focusing on server-side flash storage solutions. The founding team brought together extensive experience from prominent tech firms like Google, Sun Microsystems, and Intel. Dr. Ganapathy, prior to co-founding Virident, was an executive at Artiman Ventures and co-founded VxTel, a VoIP technology firm acquired by Intel. Dr. Karamcheti served as a tenured associate professor at New York University's Courant Institute of Mathematical Sciences and was a visiting research scientist at Google. This deep expertise in parallel and distributed computer systems directly shaped Virident's direction.

The company's core business was providing high-performance Peripheral Component Interconnect Express (PCIe) based flash storage solutions designed for enterprise clients. These solutions catered to performance-intensive applications in sectors such as virtualization, database management, cloud computing, and webscale operations. Virident's business model revolved around the sale of its hardware and accompanying intelligent software, targeting enterprises looking to overcome poor application performance and boost I/O efficiency.

Virident's flagship product line included the FlashMAX PCIe cards. The initial product, tachIOn, was a NAND flash-based PCIe card announced in 2010. This was followed by the FlashMAX II, a second-generation PCIe application accelerator notable for offering up to 2.2TB of capacity in a low-profile, half-height, half-length form factor. A key differentiator was the company's vFAS (Virident Flash management with Adaptive Scheduler) software, which virtualized the underlying flash memory and provided enterprise-grade features like flash-aware RAID, wear leveling, and garbage collection. Another significant offering was FlashMAX Connect, a software suite that created a shared server-side flash storage tier, enhancing management with features like replication and storage pooling. These products were designed to be installed in any server, helping organizations maximize datacenter space and performance.

A major milestone for Virident was its acquisition by Western Digital's subsidiary, HGST, in a deal announced in September 2013 and completed in October 2013 for approximately $685 million in cash. At the time of the acquisition, Mike Gustafson was the CEO, and he subsequently joined HGST as a senior vice president to continue leading the Virident team. The acquisition was a strategic move by Western Digital to strengthen its position in the rapidly growing enterprise solid-state drive (SSD) market.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2006
Headquarters
Milpitas, United States
Open positions
None listed
Dealroom signal
54.7/100
Industry
Real Estate, Enterprise Software
Sector
Other B2B Software, Intellectual Property, Hard Tech
Technology
Hardware
Business model
SaaS
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Sep 2013 $685M $685M Western Digital —
LATE VCOther financing Jan 2013 $40M $160M Sequoia · Globespan Capital Partners · Mitsui Global Investment · Artiman Ventures —
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

Virident Systems website traffic

Latest recorded traffic for Virident Systems is 140 monthly website visits, down 77.4% over the last three months.

Latest monthly visits140 3-month web change-77.4%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Clear Ventures

Series A5 investors entered at this stage

  • Artiman Ventures
  • Spansion
  • Globespan Capital Partners
  • Sequoia
  • Mitsui Global Investment

Series B and later3 investors entered at this stage

Other known investors1 additional known investor

  • Western Digital
Team profiled 16 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Milpitas HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Virident Systems on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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