|Acquired by||Samsung Electronics|
|Description||Storage Software Startup|
|Venture Round, 12/2010 ||$1.09M|
|Series A, 7/2011 |
Cadence Design Systems
NVELO, Inc. (NVELO) is a storage software company founded in June 2010 to address the growing I/O bottleneck in computing systems.
NVELO’s product (Dataplexâ„¢) delivers the performance of Solid State Drives (SSDâ€™s), combined with the price and capacity of Hard Disk Drives (HDDâ€™s) through kernel-level adaptive caching and data management technologies, to bring significant value to notebook, desktop, server, and other computing devices.
Formed as a spin-off from Denali Software, Inc., coincident with Denaliâ€™s acquisition by Cadence Design Systems for $315M, NVELO benefited from over 3 years of R&D and business development incubation within Denali. NVELO was able to effectively transplant the entire Dataplex engineering, marketing, and business development personnel intact from Denali to NVELO, and complete the product for market.