TenaFe closes USD29m Series A led by Northern Light Venture Capital and Eight Roads

2020-04-27
|
Isiah Liu

TenaFe closes USD29m Series A led by Northern Light Venture Capital and Eight Roads

TenaFe, a solid state drive (SSD) R&D startup, announced that it has completed a USD29 million Series A round of financing, led by Northern Light Venture Capital and Eight Roads, with participation from well-known global chip manufacturers.


Proceeds from this round of financing will be used to accelerate the development of products aimed at the enterprise and data center markets.


Founded in 2019, TenaFe is a developer of an SSD (Solid State Drive) controllers intended to provide for data storage solutions. The company's technology connects to a wide range of devices from connected gadgets to personal computers to data centers, enabling its users to have reliability and energy efficiency.


TenaFe is headquartered in California, USA, and has branches in Beijing, Shanghai and Taiwan. The founder of the company has successfully founded Tidal Systems. The core founding team is composed of several experienced experts in the data storage industry.


The SSD controller products developed by the team have been sold to major OEM and enterprise markets in large quantities.


RELATED ARTICLES

Xbed Xi Hotel receives RMB100 million in financing
2020-11-18
|
Tourism , PEVC

Memoray completes tens of millions of yuan in Series B financing
2020-11-18
|
PEVC , Medical care

Sier Education closes multi-mln-dollar Pre-A led by Qiming Venture Partners
2020-10-26
|
Education , PEVC

Eugenlight Technologies closes Series A of RMB tens of millions
2020-09-13
|
PEVC , Semiconductor , Electroinic

BPassword closes angel round led by Eagle Fund
2020-09-13
|
PEVC , Blockchain

HachiBot closes Series Pre-A led by Northern Light Venture Capital
2020-08-23
|
Robot , PEVC , Tourism

UWinTech raises RMB 70 mln in Series B led by SIG China
2020-08-21
|
PEVC , IT

Fenbeitong closes USD36m Series B+ financing
2020-03-12
|
PEVC , Finance

Xinpletek Technology closes Pre-A financing led by China Growth Capital
2020-03-08
|
5G , Electronics , PEVC
China SDG