Pivia Software, Inc., a Web Application Optimization company, announced that they received $9 million in an additional round of venture capital financing from Sutter Hill Ventures and Thomas Weisel Venture Partners.

The new capital is to go towards expanding sales, marketing, partnership and R&D in the company's patent-pending Web Application Performance solutions. William H. Younger Jr., managing director at Sutter Hill Ventures, will join the Pivia Software Board of Directors.

“The Pivia team has identified a real market need for improving the performance of LAN, WAN and Internet Web applications,” says Greg Sands, managing director at Sutter Hill Ventures. “We continue to believe that Pivia is positioned to become a leader in the growing Web Application Optimization market. We are excited in participating in the company’s growth and success.”

“We are pleased to secure this round of funding with Sutter Hill Ventures and Thomas Weisel Venture Partners - both of whom have invested in Pivia in the past and proven to be trusted strategic partners,” says Biri Singh, CEO of Pivia. “The funds from this investment will be instrumental in propelling our company forward as we continue to service our valued customers and expand our sales and marketing efforts.”

Pivia provides software for Global 2000 enterprises that improves the performance and effectiveness of Web applications including CRM, SCM, SFA, corporate portals, Web email access and e-commerce applications. The company is located in Cupertino, California.