Fusion-io Accelerates Growth, Closes $47.5 Million in Series B Funding and Names David Bradford as CEO

ORLANDO, Fla.--(Business Wire)--
At Storage Networking World Spring 2009, Fusion-io announced today that it
closed $47.5 million in Series B funding from a group of investors led by global
venture capital firm Lightspeed Venture Partners.

The company also announced that David Bradford, a technology industry veteran,
has been named CEO of Fusion-io. Mr. Bradford will lead the company`s strategic
expansion, seizing the opportunity to help transform the corporate data centers
of the world with Fusion-io's revolutionary solid state storage solutions.
Fusion-io offers the first true fusion of high-performance I/O and network
storage, replacing racks of storage disks with a single card that fits in the
palm of your hand.

Fusion-io, recently voted the world`s No. 1 up-and-coming innovator in a
BusinessWeek readers` poll, is experiencing substantially increased momentum,
adding hundreds of new customers with deployments across multiple industries.
The company has also made a series of announcements regarding OEM and working
agreements with HP, IBM and Dell.

Series B Funding

In addition to Lightspeed Venture, Series A investors, including New Enterprise
Associates (NEA), Dell Ventures and Sumitomo Ventures, have returned for the
Series B round.

"In just over a year, this company has demonstrated through its ground-breaking
product offerings that it has the potential to change the way enterprise
organizations think about storage," said Scott Sandell, general partner at NEA.
"This round of funding will enable Fusion-io to build on that momentum and help
the company keep pace with the growth demands of the marketplace, while
permitting them to continue leading the evolution of network storage."

Fusion-io will use the Series B funding to significantly increase production
capabilities to meet the rapidly growing demand for Fusion-io`s current
offerings. It will also use the investment to develop the next generation of
Fusion-io technologies that will build on its industry-leading server-attached
storage products to supply server-deployed, network-attached solid-state
storage. The first of these products, releasing this summer, is the ioSAN. The
ioSAN is a PCI Express-based product that extends the raw power of Fusion-io`s
solid-state technology across the network.

"World-class funding sources recognize the potential in Fusion-io`s vision for
the future of storage," said David Bradford, the new CEO of Fusion-io.
"Especially given the current world economy, their faith in our vision is
humbling. Our intent is to exceed their expectations by becoming the leader for
a whole new generation of enterprise storage technology."

New Leadership

In preparation for Series B funding, industry veteran and respected executive
David Bradford has taken the helm. Mr. Bradford brings 30 years of experience to
Fusion-io, including 15 years at the networking software giant Novell, Inc. As a
senior Novell executive, he helped lead the company from startup status through
a series of acquisitions, public offerings and global business development
activities to its position as a multi-billion dollar corporation. During his
last three years at Novell, he reported directly to the CEO, Eric Schmidt.

"I am delighted to hear that David Bradford has been appointed CEO of
Fusion-io," said Dr. Schmidt, now the CEO of Google. "I have great confidence in
his ability to lead this innovative company."

In addition to his extensive industry experience, Mr. Bradford also brings his
wide network of industry relationships to the company; for example, he recently
played a key role in bringing Steve Wozniak, inventor of the Apple Computer, to
join Fusion-io as its chief scientist.

Continued Momentum

The company continues to experience hyper-growth, adding hundreds of new
customers in multiple industries, with deployments that store up to tens of
terabytes. Significant achievements include establishing OEM and working
relationships with some of the industry`s largest server vendors. Fusion-io is
also collaborating closely with Samsung, Mellanox and other leading technology
providers as it works to redefine network-attached storage.

Fusion-io`s first product, the ioDrive, has been declared the world`s fastest
storage technology by several independent testing organizations, including Tom`s
Hardware and TweakTown. Market demand for the ioDrive, which began high, has
continued to increase. Fusion-io`s second product, the ioDrive Duo, which
doubles the performance capacity of the original ioDrive, has also been met with
great industry enthusiasm. Recently, HP and Fusion-io worked together on a
server that used flash technology and became the first ever to achieve more than
one million transactions from a single server, a feat that would take well over
1,000 traditional hard disk drives in today`s disk-based performance solutions.

The analyst firm Gartner has named Fusion-io among its Cool Vendors in Storage
Technology 2009. The company has also won several other awards, including awards
from IDG, Red Herring and BusinessWeek.

To learn more about Fusion-io, please visit Booth #207 at SNW Spring 2009, where
the company will demonstrate the power of its first server-deployed,
network-attached storage product, the ioSAN. More information is also available
at www.fusionio.com.

ABOUT FUSION-IO

Fusion-io is revolutionizing the way database, application and system
administrators architect their data centers. The company is closing the gap
between processing power and storage needs by delivering breakthrough
performance at a fraction of the cost of traditional disk-based storage systems.
Now, the performance of an entire disk array can be placed inside a
server-opening a world of possibilities for performance-starved applications.

Fusion PR
Robert Brumfield, 212-651-4215
Robert.brumfield@fusionpr.com

Copyright Business Wire 2009