ARIO Data Secures $17M

ARIO Data Networks was expected to announce today the completion of a $17 million Series D round, led by Mellon Ventures, the private equity firm affiliated with Mellon Financial Corp. As part of Mellon’s investment, Mark Patton has joined ARIO Data’s board.

Joining Mellon is Anthem Venture Partners, Clearstone Ventures, Partech International, Evercore and Sunsino Funds. The most recent round raises ARIO Data’s total funding to date to $34.3 million.

ARIA, which provides next-generation OEM building blocks for storage subsystems, plans to expand product development, sales and marketing activities. ARIO Data has already shipped over 10,000 SATA controllers to date.