Milpitas, Calif.-based data storage startup Pliant Technology Inc. has raised a $27.3 million round of capital, according to a filing with the SEC.
The developer of enterprise flash drives used in high-capacity data storage devices has raised $23 million in two prior rounds since founding in 2007. Investors include Arcturus Capital, Divergent Ventures, Lightspeed Venture Partners and Menlo Ventures.
Pliant claims that its Enterprise Flash Drive devices will deliver dramatically higher levels of performance, while providing increased energy efficiency and reliability in enterprise computing environments.
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