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Texas Memory Systems Raises $960K

Houston-based Texas Memory Systems, a developer of solid state disk drives and related products, has raised $960,865 out of a $1.2M funding round, according to a regulatory filing from the firm today. According to the filing, the round included both equity and debt. No details on the funding have been released by the firm. Texas Memory Systems has been building solid state disk drives (SSDs), which are used instead of rotating mechanical disk drives for high speed storage applications, since 1978. More information »