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Raj Kanaya Co-Founded Infineta Systems raises $15 Million
By siliconindia
Santa Clara: California-based Infineta Systems, provider of Hyper-scale WAN optimization systems has raised $15 million in series B funding. The round of funding was led by Silicon Valley-based Rembrandt Venture Partners along with the existing investors, Alloy Ventures and North Bridge Venture Partners.
This round of funding brought the total funding raised by Infineta to $30 million. They raised $15 million in May 2010. 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. The company targets data moving between data centers and is capable of boosting performance across even 10 gigabit Ethernet networks. The company's patent-pending Velocity Dedupe Engine delivers unprecedented levels of throughput, scalability and bandwidth capacity to support critical machine-scale workflows across the data center interconnect.
This round of funding reflects the continued and intensified interest by enterprise IT professionals to transform data centers from static islands of compute and storage resources to a seamless and unified resource pool. In Sik Rhee, general partner at Rembrandt Venture Partners, joins Infineta's board. As both, founder of Kiva and Co-Founder of Opsware, In Sik Rhee has had a direct role in helping strategic line of business and IT organizations tap into new data center architectures and new services delivery frameworks to amass concrete enterprise value.
In Sik Rhee said, "Our investment in Infineta and its team represents our conviction that there is an enormous shift occurring in the market place today that is driven by the extension of virtualization, Big Data processing and the mobility of storage pools. We believe that Infineta is strongly positioned with a highly differentiated product and unique technology."
Founded in 2008 by K.V.S. Ramarao and Raj Kanaya, Infineta Systems develops and markets a line of network optimization products. Raj Kanaya, CEO and Co-Founder, 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."
