Intel, Samsung, Western Digital investing in Auburn-based tech startup

Technology giants Intel Corp., Samsung Electronics Co. Ltd. and Western Digital Corp. are investing in an Auburn-based startup.

Samsung Ventures, the venture capital arm of Korean consumer electronics company Samsung Electronics, led the $4.5 million equity financing round for Kazan Networks Corp. Intel Capital, the venture arm of the semiconductor-maker Intel (Nasdaq: INTC), and data-storage products developer Western Digital (Nasdaq: WDC) also invested, according to Kazan.

The Auburn-based company, which launched in December 2014, has developed technology to allow cloud data center servers to quickly access solid-state memory that is not physically in or near the server. That “allows for data center configurations that are game changers,” said Bryan Cowger, Kazan Networks' head of marketing.

http://www.bizjournals.com/sacramento/news/2016/07/21/intel-samsung-western-digital-investing-in-startup.html