Talari Networks, Inc. , a Cupertino, CA-based company that develops a technology offiering an innovative approach to building enterprise WANs, has raised $10m in a second round of funding.The round was led by Silver Creek Ventures, with participation from existing backers Menlo Ventures and other private investors.
In conjunction with the funding, Mark Masur, Silver Creek Ventures General Partner, will join Talari’s board of directors.
As also stated by the CEO of the company, Andy Gottlieb, Talari will use this new funding to add resources in all areas of the business and position itself for the next phase of growth, which will be driven by the broad adoption of its Adaptive Private Networking technology.
“In particular we will grow our sales force significantly to extend our reach in North America and develop the European market”, Gottlieb said.
By combining network bandwidth from the public Internet with RAID-like methods, this technology offers a new approach to building enterprise WANs.
According to the company, it allow enterprises to take advantage of inexpensive Internet bandwidth without sacrificing business quality, reliability or availability. By continually measuring loss, latency and jitter, the technology adapts to variations in network conditions virtually instantly to ensure reliable, predictable application performance using all of the available bandwidth.
FinSMEs
11/08/2010