Infineta Systems Raised $15 Million in Series B Funding
Date: Friday , July 01, 2011
California-based Infineta Systems, provider of Hyper-scale WAN optimization systems, has raised $15 million in Series B funding. The round was led by Silicon Valley-based Rembrandt Venture Partners along with the existing investors, Alloy Ventures and North Bridge Venture Partners. The company plans to use the fund towards building out its sales, marketing and engineering teams as it addresses the strong market demand for its products. It targets data moving between data centers and is capable of boosting performance across even 10 gigabit Ethernet networks.
Founded in 2008 by K.V.S. Ramarao and Raj Kanaya, the company develops and markets a line of network optimization products. Raj Kanaya, CEO and Co-Founder of Infineta, said, “Both emerging and established companies are adopting new technologies at a brisk pace to keep up with data growth, while seeking ways to expedite data collection, analysis and distribution to generate more revenue, gain competitive advantage and shorten time to market. With this round of funding, we look forward to helping our customers manage their Hyper-scale WAN workflows more effectively and cost-effectively using our ground breaking product offering.” By delivering a highly accelerated inter-data center fabric, Infineta’s solutions bring unprecedented levels of throughput, scalability, and bandwidth capacity to data center interconnects, fueling a radical transformation to a more flexible, scalable and powerful infrastructure.
This round of funding brought the total funding raised by the company to $30 million. They had raised $15 million in May 2010.