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Astute Raises $12 Million To Speed Virtualization

Astute Networks, which offers flash memory products to accelerate virtualized server, desktop and cloud environments, said it has won $12 million in venture funding, led by Samsung Venture Investment Corp., the investment arm of Samsung Group, a provider of NAND Flash memory.

San Diego, Calif.-based Astute Networks offers Networked Performance Flash and related technologies, which accelerate cloud computing, server and desktop virtualization deployments and deliver performance-optimized data stores using flash memory only.

Also participating in the funding round were Tallwood Venture Capital and Narra Venture Capital, as well as Ayala Capital, ICCP Venture Partners, and TIFF.