The past couple of years have been good for startups that specialize in flash memory storage systems for data centers.
Though they peddle pricey wares, flash chip-based data storage and SSD makers are giving data centers a performance edge with energy savings boot. And in an era that’s unkind to pokey cloud performance and is marked by new-found environmental awareness, these attributes have helped capture the attention — and checkbooks — of VCs. Recently, Fusion-io and Violin Memory have been making big funding news. Today, the former is a Wall St. darling while the latter is undoubtedly pondering its next move.
Three months after filing its IPO, Fusion-io’s shares are available on the open market. And on its first day, the market is embracing the tech company, which employs Apple co-founder Steve Wozniak as its chief scientist, by pushing its price up 30 percent to $24.84 (from its $19 offering price) and placing it just shy of a $2 billion valuation — a nice payoff for early investors. (As of this writing, FIO is trading at $22.75.) It certainly doesn’t hurt that Facebook is Fusion-io’s largest customer, and we all know big and fast the social media giant is growing.
Here are a couple more hand-picked links on Fusion-io’s Wall St. debut: