Gigaom

Skyera, the startup that is bringing the cost of Flash-based storage down by using consumer-grade chips, said it has closed $51.6 million in Series B financing led by Dell Ventures(s dell). The deal, announced on Thursday, included participation from other strategic investors and is Skyera’s second round.

It’s also a huge amount of money, but Skyera is riding a wave of interest in solid state storage, which is both faster and consumes less power than traditional hard drives. But Flash-based SSDs are also more expensive than hard drives on a per gigabyte basis — which has limited their use to places where companies can’t afford not to pay for faster performance.

As my colleague Barb Darrow noted in a profile on Skyera last year, the company brags that it can achieve a $3 per GB cost which is still pricier than a hard drive but less than what Fusion-io(s fio)…

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About asianrockstar

Hi, I'm a part-time body builder, and I love to travel, do photography, cinematography, and BBQ.

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