Virident's 140% Growth Gobbling Up $4 Billion Flash Storage Market

Under its CEO, Mike Gustafson’s leadership, Virident Systems — it makes “enterprise PCIe SSD based on Storage Class Memory” – is growing twice as fast as the $4 billion market for so-called server-side flash storage. The nice thing about Virident’s growth is that it flows from giving customers more of what they want — high performance and low latency.

This achievement has attracted the attention of Seagate — a big player in the storage market. And on February 4, it bought a $40 million stake in Virident and inked “an OEM deal between the two companies that will let customers buy Virident’s product through Seagate’s channels,” according to Gustafson.

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