Data Storage Firm Starblaze Technology Completes a B Round of Financing Totaling $78.47 Million
On Wednesday, Starblaze Technology Co., Ltd. announced the completion of a B2 round of financing totaling 300 million yuan. This round of financing was jointly completed by institutions and capital such as Shanghai Sitico Assets Management and Oriental Jiafu Asset Management.
In the second half of 2021, Starblaze Technology completed a total of 500 million yuan ($78.47 million) in round B financing. There were additional investments from its previous shareholders, such as Shenzhen Capital Group and Zhonghai Fund, and from new industrial investment institutions including Zhengqi Holding.
According to Starblaze Technology, the B round of financing will be mainly used for the R&D and development of solid state drive (SSD) controllers for high-end client and entry-level enterprise applications, including the STAR1000P featuring PCIe Gen4 and pre-research for a SSD controller featuring PCIe Gen5.
Starblaze Technology was established in early 2015 and has been committed to developing ultra-large-scale enterprise SSD controllers.
According to Starblaze Technology, the STAR2000 enterprise SSD controller to be launched is aimed at the data center and enterprise market. The company aims to make the controller an industry-leading device that delivers strong performance for customers.
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SSD products equipped with the STAR2000 controller will be the first batch of Chinese high-performance enterprise SSDs that fully support NVMe2.0, which can provide better solutions to customers and greatly improve the efficiency of flash memory. This version of devices will also improve the bandwidth and service quality in data processing businesses.
The STAR2000 also fully supports various Chinese platforms and server operating systems, which will better help the development of domestic enterprise applications.