Link_A_Media, a data recovery company, has raised $18 million in Series C funding. Lightspeed Venture Partners led the round. Other investors included ITOCHU Technology Ventures, Keynote Ventures, and SunAmerica Ventures.The Santa Clara, Ca.-based company is a developer of semiconductor system on a chip solutions for the data storage market. It focuses on hard disk drives and solid-state drives, trying to obtain the highest densiities, highest drive yields and lowest power consumption.
Dr. Hemant Thapar, CEO and chairman of Link_A_Media said, "Over the past two years, we have begun deploying our leading technologies into custom System on a chip products for our customers to enable their next generation products. Strong customer interest in our technology is validating the imminent transitions in data recovery technology trends for peripheral storage devices, both hard disk drives (HDD) and solid state drives
(SSD)."
The company also announced it added Chris Schaepe, managing director of Lightspeed Venture Partners to its board of directors.
Link_A_Media said it will use the funding to accelerate bringing its products to the market.
