Talari Networks Secures $10M in Financing
Led by Silver Creek Venture Partners, Talari Networks has raised $10 million in a second round of institutional funding.
Talari Networks, a company offering WAN virtualization and cloud economics for enterprise networks has announced that it has raised $10 million in a second round of institutional funding led by Silver Creek Ventures with existing backers Menlo Ventures and private investors also participating. As noted in this news release, Talari enables IT managers to add significant amounts of WAN bandwidth at low cost with business-class reliability.
"We will use this new funding round to add resources in all areas of the business and position ourselves for the next phase of growth driven by the broad adoption of our Adaptive Private Networking technology,' said Andy Gottlieb, CEO of Talari Networks. 'In particular we will grow our sales force significantly to extend our reach in North America and develop the European market.'
"Talari Networks' Adaptive Private Networking (APN) technology offers a revolutionary new approach to building enterprise WANs. By combining network bandwidth from the public Internet with RAID-like methods, this technology allow enterprises to take advantage of inexpensive Internet bandwidth without sacrificing business quality, reliability or availability. It accomplishes this by combining diverse sources of bandwidth and end-to-end algorithms to apply dynamic, real-time, per-packet traffic engineering. By continually measuring loss, latency and jitter, APN adapts to variations in network conditions virtually instantly to ensure reliable, predictable application performance using all of the available bandwidth."