RCS - Graid Technology - Graid Technology Secures $30M Series B
04/03/2025 16:15
For best results when printing this announcement, please click on link below: https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250304:nRSD9790Ya&default-theme=true RNS Number : 9790Y Graid Technology 04 March 2025 Graid Technology Secures $30M Series B to Accelerate Growth in Data Storage & Protection Market New investments will drive expansion of Graid Technology's industry-leading data protection solutions across OEM and Enterprise markets. SANTA CLARA, CALIFORNIA / ACCESS Newswire (https://www.accessnewswire.com/) / March 4, 2025 / Graid Technology, a leading innovator in GPU-based RAID for NVMe storage performance, today announced the successful closing of its $30 million Series B funding round. The round was led by HH-CTBC Partnership, a joint venture fund between Foxconn and CTBC, alongside Yuanta Ventures. The funding also includes participation from Delta Electronics Capital, Harbinger Venture Capital, and returning investors from Graid Technology's 2022 Series A round. Graid Technology Secures $30M Series B to Accelerate Growth in Data Storage & Protection Market New investments will drive expansion of Graid Technology's industry-leading data protection solutions across OEM and Enterprise markets. This investment will drive global expansion, product innovation, and strategic partnerships, strengthening Graid Technology's presence in enterprise and OEM markets while meeting growing demand for AI, machine learning (ML), and high-performance computing (HPC) workloads. Graid Technology's SupremeRAID™ product line eliminates traditional RAID bottlenecks by offloading RAID operations to the GPU, maximizing NVMe SSD performance and scalability. With thousands of deployments worldwide, SupremeRAID™ is enabling data centers, AI research facilities, media production, and financial institutions to optimize storage infrastructure while ensuring data integrity, redundancy, and resilience. "This funding marks a significant milestone, not only in expanding our market reach but also in driving new innovations," said Leander Yu, Founder and CEO of Graid Technology. "The backing of HH-CTBC Partnership, Yuanta Ventures, and other strategic investors reflects confidence in our vision. With their support, we are well-positioned to scale our technology and expand into new markets." About Graid Technology Graid Technology is transforming enterprise storage with SupremeRAID™, the world's first GPU-based RAID solution. By offloading RAID calculations to the GPU, SupremeRAID™ enables enterprises to maximize NVMe SSD performance, delivering unprecedented speed, efficiency, and scalability for AI, ML, media, and high-performance computing workloads. Headquartered in Silicon Valley, California, with an R&D center in Taipei, Taiwan, Graid Technology partners with leading OEMs and global technology providers to redefine NVMe storage performance. For more information, visit www.graidtech.com (https://stats.nwe.io/x/html?final=aHR0cHM6Ly93d3cuZ3JhaWR0ZWNoLmNvbS8&sig=fNcvugN0Hr-hjuh4hR-bWfn9CtmEbG9gN3m_K_zrRcMo_s6yVn3GwOB5v44_8coXFqt36WqPTqnf83GGoQ_agw&hit%2Csum=WyI0c203M3QiLCI0c203M3UiLCI0c203M3YiXQ) . Contact Information Andrea Eaken Senior Director of Marketing, Americas & EMEA andrea.eaken@graidtech.com (mailto:andrea.eaken@graidtech.com) 949-742-9928 SOURCE: Graid Technology Inc. This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAFFFVFFFITFIE