Link_A_Media Secures $18 Million in Series C Funding

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Mon Nov 2, 2009 9:00am EST

SANTA CLARA, Calif.--(Business Wire)--
Link_A_Media Devices Corporation, a leader in data recovery and transport
technologies for storage devices, secured $18 million series C funding.
Lightspeed Venture Partners, a new investor in the company, led the funding
round. Other key investors are ITOCHU Technology Ventures, Keynote Ventures,
SunAmerica Ventures and several strategic partners. The funding enables
Link_A_Media to accelerate bringing its products to market. 

"I am very pleased with Link_A_Media`s ability to attract new and previous
investors to this round. The interest we generated from the investment community
is a direct reflection of the huge opportunity for the company in the storage
markets based on our technology leadership," said Dr. Hemant Thapar, CEO and
chairman of Link_A_Media. "Over the past two years, we have begun deploying our
leading technologies into custom SoC products for our customers to enable their
next generation products. Strong customer interest in our technology is
validating the imminent transitions in data recovery technology trends for
peripheral storage devices, both hard disk drives (HDD) and solid state drives
(SSD)." 

With the closing of the series C funding, Link_A_Media also adds Chris Schaepe,
managing director of Lightspeed Venture Partners, to its board of directors. A
founder of Lightspeed Venture Partners, Schaepe has frequently been named to the
Forbes Midas List of top venture capital investors. 

"This recent funding will enable Link_A_Media to ramp volume sales while
simultaneously extending its technology leadership position in the storage
market," said Schaepe. "Link_A_Media is leveraging the capabilities of a proven
entrepreneurial team with decades of experience in the most sophisticated error
correction technologies which can now be applied to flash memory as well as hard
disk drive media. These advances are important given the need for greater
storage capacity and lower cost in both enterprise and consumer applications." 

About Link_A_Media Devices

Link_A_Media Devices is a leader in the development of semiconductor SoC
solutions for the data storage market. Its mixed signal processing and iterative
data recovery technologies enable hard disk drive (HDD) and solid-state drive
(SSD) OEMs to obtain the highest densities, highest drive yields and lowest
power consumption. These advantages enable Link_A_Media Devices customers to
continue to meet the growing demand for high-performance and low-cost data
storage in consumer, computing and enterprise storage networking applications.
For more information, visit www.linkamedia.com.

for Link_A_Media Devices Corporation
Katie Olivier, 972-239-5119 ext. 128
kolivier@sheltongroup.com



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