RunCore obtained 10 million USD investments
Mar 1, 2013
Shanghai, China – Mar, 2013 - RunCore, leading manufacturer of high-performance and rugged solid state drives (SSDs), today announce that it has closed $10 million in Series B financing led by OFC (Oriental Fortune Capital).
RunCore is the largest maker and supplier of SSDs in China, and has been one of the world’s fastest growing SSD companies, with a revenue growth rate of over 700% by listing in the “2011 Deloitte Technology Fast 50 China”.
“We believe that now is the best time to introduce the excellent strategic investors, and rapidly achieve company globalization. "RunCore Co-founder and CEO Jack Wu said, " the global solid state storage is booming, we hope to take this opportunity to explore business opportunities with our new partner in the future.”
“After several investigations and study, we believe that it is a right choice to cooperate with RunCore. It surely would bring us a win-win in business.” Said Mr. Chen, CEO of OFC.
RunCore’s expertise is especially strong in the enterprise and industrial sectors, where reliability, speed and energy efficiency of utmost importance. This funding will be used to accelerate the research and development of latest solid state storage technology.
Symmetry Electronics (and its e-commerce division - SemiconductorStore.com) is an authorized RunCore distributor.
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