Infineta Systems Garners $15,000,000 Series A Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ba32c3bd-7963-4442-ae12-73581060e2fa&Preview=1 -
Date
5/8/2010 -
Company Name
Infineta Systems -
Mailing Address
2870 Zanker Road San Mateo, CA 95134 -
Company Description
Storage replication, data backup/archiving, distributed computing, virtualization, cloud computing and storage __ these are some of the unstoppable forces that are reshaping the enterprise data center. Against this backdrop, Infineta is pioneering a new class of network infrastructure __ Cloud Fabric OptimizationTM __ that will address the acute, emerging challenges of the modern data center. -
Website
http://www.infineta.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series A -
Proceeds Purposes
Infineta plans to test the product with a few customers over the summer before making it generally available in the fourth quarter of this year. -
M&A Terms
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Venture Investor
Alloy Ventures -
Venture Investor
North Bridge Venture Partners
