CacheIQ Gets $6M as Flash Craze Carries On
Summary
Austin, Texas-based startup CacheIQ announced earlier this week that it has raised $6 million from 27 angel investors for its network file system caching product that offloads data to either DRAM or flash memory. Assuming it can gain a toehold against some established competition, CacheIQ chose a wise market to enter. The past few weeks along have been rife with flash news, with Violin Memory raising another $35 million in venture capital for its flash-based storage arrays and appliances, and Schooner refocusing its database-on-flash approach on software rather than on physical appliances. Lesser-known companies, such as Dataram, also are getting into the flash mix with appliances that intelligently place data on SSDs for faster access. Schooner takes a similar approach to databases, but most vendors pushing flash for enterprise storage couple their software with physical gear, which could turn off IT departments with lean budgets or a preference for particular hardware.
Funding
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