California network infrastructure start-up company Infineta Systems has raised $15m in Series A funding from Alloy Ventures and North Bridge Venture Partners.
The company will use the funding to develop a new category of products to address the rapid increase in inter-data centre traffic resulting from storage replication, backup and cloud applications.
North Bridge general partner Paul A Santinelli said, “The requirement for massive scalability and ultra-high performance connectivity to address the traffic deluge occurring between data centres is costing enterprises millions annually. Infineta Systems has developed game-changing technology to address this issue.”
Infineta Systems is a privately held network specialist that develops and markets a line of network optimisition products.
Today, replication traffic is a key driver of network traffic growth, and the trend is predicted to triple over the next three years for many large organisations. Representing one of the first solutions to the issue, Infineta’s technology allows for increased levels of throughput, scalability and bandwidth capacity for connections between data centres.
Alloy Ventures general partner Ammar H Hanafi said, “When looking at investing in Infineta, we saw a company entering the market during a perfect storm in business and IT today, where traffic volumes are exploding at the exact same time that cost considerations are of paramount importance to today’s enterprises.”
“Addressing this challenge by constantly adding more bandwidth is a very expensive and unsustainable proposition for businesses. Infineta’s solution immediately addresses a customer’s severe pain point today, while providing them with a path towards significantly reshaping their enterprise data centre architecture in the future,” he added.
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Network optimiser Infineta in $15m funding round