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NVELO Secures $6.6 Million in Series A Funding

SANTA CLARA, Calif. July 19, 2011 NVELO Inc. Dataplex™ $6.6 million dollars

"Our customers want affordable SSD performance with HDD capacity," said Jiurong Cheng, a Founder and CEO of NVELO. "That’s exactly what we are delivering with our Dataplex software, which we are rolling out this quarter to select PC OEMs and SSD vendors. Now with this additional funding, we can ramp our R&D effort to begin targeting servers and enterprise-class storage."

Sanjay Srivastava

Cadence Design Systems, Inc.

Nimish Modi

The Dataplex consumer product won the "Visionary Products Award for Mobile Consumer Electronics Storage" at the 2011 Storage Visions Conference for addressing the need for SSD performance with HDD capacity in PC and Notebook computing. Compatible with any desktop or notebook computer, Dataplex uses a low-capacity SSD as cache for the traditional HDD found in consumer computing, delivering SSD performance with HDD capacity, at incremental cost over HDDs. Dataplex continuously monitors system data traffic and dynamically adapts to user behavior for optimal placement of data in either HDD storage or SSD cache.

About Dataplex

Dataplex is a host-based software product that increases the overall computing performance by using a small SSD as a high-performance cache for an existing HDD. Dataplex uses advanced adaptive caching algorithms to intelligently monitor and manage user data to deliver SSD level performance across the entire capacity of the HDD. The client or consumer version of Dataplex is schedule for release in 3Q2011; the related products for server and enterprise are in development.

About NVELO, Inc.

Santa Clara California http://www.nvelo.com

NVELO, Dataplex and other NVELO products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of NVELO, Inc. All other product and service names mentioned are the trademarks of their respective companies.

Kevin Silver
[email protected]

SOURCE NVELO Inc.

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