Fusion-io, creator of a new memory tier of flash-based solid-state (ioMemory), announced that it has raised approximately $45 million in a Series C preferred stock financing, led by new investor, Meritech Capital Partners. Also participating in the round were new investors, Accel Partners, Andreessen Horowitz and Triangle Peak Partners, as well as returning investors, New Enterprise Associates (NEA) and Lightspeed Venture Partners, among others. Fusion-io will direct the additional investment towards scaling up infrastructure to support rapidly increasing sales and build on the momentum its flash-based memory tier is experiencing across multiple industries. Funding will also support development of next generation technologies and products that will further distance the ioMemory Tier from the competition.