Tuesday, January 10, 2006

Barracuda Networks gets $40M funding - 2006-01-09

"Barracuda Networks Inc. said on Monday it has raised $40 million in its first outside investment. "


Sequoia and Francisco were first round investors - most likely a mezzanine round given the number of customers and size of the round. There is fierce competition in this space with startups Fortinet and others leading the charge.

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