Press Release
30 August 2007
Indilinx induces KRW 4 billion investment from Softbank Korea Investment and MVP Venture Capital
INDILINX (CEO: Kim, Bumsoo) has induced KRW 4 billion investment from Softbank Korea
Investment (CEO: Moon, Gyu-hak) and MVP Venture Capital (CEO: Yoon, du-kun).
As a fabless semiconductor company established in October 2006, INDILINX develops controllers
and software solutions that perform as the brain of solid state drives, or SSDs.
Its product currently under development (Code name: Barefoot) will support multi-level cell flash memory and serial ATA (SATA) interface.
Explaining the background of investment, Moon Gyu-hak, CEO of Softbank Korea Investment, said
"the business item of INDILINX is the core component of SSD products, which is very promising, and it will create synergy for the communication network businesses of
Softbank as well. We will save no effort in supporting the success of INDILINX."
Aiming to invest into promising venture companies in the fields of domestic next
generation Internet service and Internet platform, digital contents including online
games, and integrated wired-wireless solutions, Softbank Korea Investment set up
KRW 40 billion; Ranger Fund' in May 2006, and has invested into companies like 'TNC', 'Tagstory', etc.
Director of MVP Venture Capital, Eunkang Song, explained that "the founders' expertise will help develop competitive products, and our joint investment with Softbank Korea Investment will be able to provide all-round support for INDILINX."
Bumsoo Kim, CEO of INDILINX, expressed his strong ambitions by saying "I am thrilled to receive investment from the two venture capitals which have contributed to success of Korean IT companies. I will expand INDILINX as a globally competitive company with technological expertise."
Leading IT companies in the world including Samsung Electronics, Intel, Sony, and SanDisk have selected the SSD as their strategic product for next round of innovation, and are vigorously entering the market. SSDs are especially superior in terms of performance and durability, compared to mechanical HDDs. Moreover, they are considered as practical, due to the recent sharp fall of flash memory price - one of the main parts of SSDs. They will be utilized as storage devices in mobile PCs, car navigation systems, industrial PCs, and high-performance servers.
The global market research organization, WebFIT Research of the United States, forecasts the SSD market will grow to a volume of USD 14 billion by 2011.
Investment (CEO: Moon, Gyu-hak) and MVP Venture Capital (CEO: Yoon, du-kun).
As a fabless semiconductor company established in October 2006, INDILINX develops controllers
and software solutions that perform as the brain of solid state drives, or SSDs.
Its product currently under development (Code name: Barefoot) will support multi-level cell flash memory and serial ATA (SATA) interface.
Explaining the background of investment, Moon Gyu-hak, CEO of Softbank Korea Investment, said
"the business item of INDILINX is the core component of SSD products, which is very promising, and it will create synergy for the communication network businesses of
Softbank as well. We will save no effort in supporting the success of INDILINX."
Aiming to invest into promising venture companies in the fields of domestic next
generation Internet service and Internet platform, digital contents including online
games, and integrated wired-wireless solutions, Softbank Korea Investment set up
KRW 40 billion; Ranger Fund' in May 2006, and has invested into companies like 'TNC', 'Tagstory', etc.
Director of MVP Venture Capital, Eunkang Song, explained that "the founders' expertise will help develop competitive products, and our joint investment with Softbank Korea Investment will be able to provide all-round support for INDILINX."
Bumsoo Kim, CEO of INDILINX, expressed his strong ambitions by saying "I am thrilled to receive investment from the two venture capitals which have contributed to success of Korean IT companies. I will expand INDILINX as a globally competitive company with technological expertise."
Leading IT companies in the world including Samsung Electronics, Intel, Sony, and SanDisk have selected the SSD as their strategic product for next round of innovation, and are vigorously entering the market. SSDs are especially superior in terms of performance and durability, compared to mechanical HDDs. Moreover, they are considered as practical, due to the recent sharp fall of flash memory price - one of the main parts of SSDs. They will be utilized as storage devices in mobile PCs, car navigation systems, industrial PCs, and high-performance servers.
The global market research organization, WebFIT Research of the United States, forecasts the SSD market will grow to a volume of USD 14 billion by 2011.