Sunday, June 24, 2012
Astute Networks Raises $12MM Series B from Samsung, Tallwood, Narra
Astute Networks, leading provider of Networked Performance Flash™ solutions for accelerating virtualized server, desktop, and cloud computing environments, today announced that it has closed financing in an over-subscribed $12 Million Series B funding round led by Samsung Venture Investment Corporation (SVIC), the investment arm of Samsung Group, the world’s leading provider of NAND Flash memory. Current investors Tallwood Venture Capital and Narra Venture Capital also contributed to the round, with participation from new investors Ayala Capital, ICCP Venture Partners, and TIFF (The Investment Fund for Foundations). Astute will utilize the funding to further expand global sales, marketing, channel development, and support efforts, as well as ongoing innovation of its patented DataPump Engine, Networked Performance FlashTM, and related technologies exclusively found in the company’s ViSX family of 100 percent flash optimized appliances. Astute Networks located in San Diego, CA, and backed by the prestigious venture capital firms Tallwood Venture Capital, Narra Venture Capital, Samsung Venture Investment Co. (SVIC), Ayala Capital, ICCP Venture Partners, and TIFF, is the leading innovator of performance-centric network-based virtualization appliances. Built upon our patented programmable I/O processor technology, Astute’s cost-effective and easy to deploy solutions are purposely optimized to seamlessly integrate with existing customer infrastructure and eliminate the I/O demands of virtualized environments with price/performance, simplicity of management and “green” energy efficiencies unmatched in the industry. Our 3rd generation platform is powered by Astute’s proven and patented technology and delivers accelerated performance while lowering costs for virtualized server and desktop customer environments. Astute customers achieve greater scalability, faster application speed and increased operational productivity with solutions that deliver attractive cost of ownership savings and ROI. The executive management team at Astute Networks is comprised of leaders from the virtualization, cloud computing, storage, data protection and data center infrastructure markets. Together we have a commitment to produce solutions that lead the industry in solving virtualization performance problems by eliminating I/O bottlenecks, providing high speed data stores, and delivering maximum Virtual Machine (VM) performance.
at 9:58:00 PM