ATLANTA – SolidFire, an Atlanta-based firm selling solid state storage for cloud providers, has raised $1 million from Valhalla Partners of Vienna, VA, and Novak Biddle Venture Partners of Bethesda, MD. The company says its technology is a next-generation storage platform for cloud computing providers and other enterprises that need scalable, reliable storage for thousands of servers.

The company says its platform is faster, more energy efficient, and more reliable solid state storage at a cost comparable to conventional disk storage.

Charles Curran, Valhalla general partner, and Phil Bronner, Novak Biddle general partner join the company’s board.

Greg Foster is joining the firm’s board of advisors.

“SolidFire virtually eliminates the cost tradeoff of using solid state storage in the cloud,” said Curran. “Valhalla is excited to be a part of a venture that will have an enormous impact on the cloud storage space.”

The company says its architecture has been designed to optimize the performance of solid state storage (SSD) to provide a significant increase in performance and capacity per storage dollar spent.

Dave Wright, founder and CEO of SolidFire, was previously founder and CEO of Jungle Disk, the first commercial cloud storage and backup service built on the Amazon S3 cloud storage platform. Jungle Disk was acquired by cloud computing provider Rackspace Hosting in 2008.

While the company did not disclose the amount of the raise in its press release, the Atlanta Business Chronicle reported that several sources pegged the amount at $1 million.

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Tags: Atlanta, Charles Curran, financing, Greg Foster, Novak Biddle, Phil Bronner, solid state storage for cloud providers, SolidFire, Valhalla Partners