Dell Tech. invests in CNEX Labs

Strong in storage with EMC, Dell Technologies continues to invest in storage technologies especially ones related to network storage devices and controllers.

This time, Dell Tech. Capital is just consistent with its past investment as the company already participated to the A round and even let it. Today CNEX Labs receives $23M in series D for a total of $85.7M according to Crunchbase. CNEX develops SSD controllers to leverage multiple NAND and especially boost performance, energy and QoS of high-volume SSD. It helps to optimize SSD farms to different workloads with just software parameters.

As Dell plays a key role in hyperscaler model, this investment makes perfect sense. M12, Microsoft Venture - who led Series C - Sierra Ventures, Walden Venture Investments, Brightstone Venture Capital and a few others. It will be interesting to see where it will go...