Chinese SSD vendor raises $150 million

Chinese SSD vendor raises $150 million

Business news |
By Peter Clarke

This financing was led by Guoxin Science and Technology Fund and China Gold Tranche Fund, a subsidiary of CICC Capital. China Unicom CICC, Hongta Venture Capital, CITIC New Future, Shenzhen Venture Capital, and Nanjing Yihua Capital joined the investment round as did established shareholders such as Pioneer Ventures and Yunhang Capital.

Dera, a developer of enterprise-level SSDs and SSD controller ICs, was formally established in 2015 and is headquartered in Beijing. At the same time, it has R&D centers and customer technical support centers in Shanghai, Wuhan and Shenzhen.

Jiantao Zhang, chairman and general manager, said that Dera chose to carry out independent R&D on SSD control to allow it to realize the deep integration of control and firmware, maximize the capabilities of the hardware, and have a great advantage in the rapid adjustment of customer needs and scenarios.

Product features such as hardware encryption that supports the Chinese national standards on secrecy, are difficult to achieve using a third-party SSD controllers, the company said.

Dera recently introduced the enterprise-level SSD product D6437/D6457 based on the second-generation ‘Meng’ NVMe SSD controller. At present, DERA is focusing on enterprise-level NVMe SSD products, and has penetrated domestic Internet companies and operators, financial, energy and other industry customers.

Dera said it plans to add a third key market, that of server vendors and system integrators.

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