Intransa Secures $25 Million in Series D Funding; Menlo Ventures Leads Round to Endorse New Class of IP SAN Solutions for High-End, Mid-Tier and SMB Markets
Additional Investments by Advanced Technology Ventures, Sofinnova Partners, Sofinnova Ventures and U.S. Ventures Validate the Power of Intransa's Comprehensive Storage Products
San Jose, Calif. — August 16, 2004
Intransa, the global leader in intelligent information storage, delivery, and management over IP, announced today that it has secured $25 million in Series D funding, bringing its total equity investment to $74 million. This investment was finalized in under 60 days and is led by Menlo Ventures, and includes participation from current investors Advanced Technology Ventures, Sofinnova Partners, Sofinnova Ventures, U.S. Ventures, as well as investments from several strategic partners. Intransa will continue to expand its leadership position by delivering the industry’s most comprehensive IP-class storage area network (SAN) products for the high-end, mid-tier and small business markets (SMB). This funding will drive the company’s rapid expansion of its sales, marketing, customer service, and business development efforts around the globe.
“Vision and execution, coupled with right place, right technology, right timing and strong customer traction, have made Intransa a pioneer and early leader in the emerging IP SAN sector,” said Eric Benhamou, chairman of Intransa. “The additional validation of Intransa’s high success potential by its broader investor base is a gratifying milestone.”
Businesses continue to fight the uphill battle of explosive data growth generated by email, audio, video and other forms of information. The amount of archived email will skyrocket over the next several years as companies struggle to comply with new federal regulations and adhere to internal policies, according to a study by the Radicati Group, a research firm specializing in emerging IT technologies. Last year, the most heavily used database system was at the US Customs & Border Protection, which supported over 51,448 transactions per second (tps), up from 26,655 tps in 2001. Intransa’s mission is to help companies to cost effectively, manage and scale their burgeoning storage requirements.
In a companion news release also issued today, Intransa introduces the Intransa IP 3000, a new IP SAN appliance, designed specifically for the mid-tier and small business markets. The Intransa IP SAN product family delivers the performance and scalability of an enterprise-class SAN solution at dramatically reduced prices — allowing companies to leverage their existing Ethernet infrastructure and seamlessly grow their enterprise-class storage requirements. Intransa’s innovation and award-winning solutions continue to earn investor and customer confidence.
With this announcement, Sonja Hoel, managing partner, Menlo Ventures joins the Intransa board of directors. “Menlo Ventures invested in Intransa because they have a truly disruptive technology that changes the way large and small businesses manage their storage environment with the best ROI in the industry,” said Sonja Hoel, managing partner of Menlo Ventures. “Our investment demonstrates our confidence in the company, its executive team, and its ability to achieve significant milestones in growing a global customer base and securing strategic industry and channel partners.”
“Having Menlo Ventures lead this round of financing with all of our original investors back on board is a testament to our vision and value in delivering the most comprehensive IP SAN solutions for both large and small scale enterprises,” said Avi Katz, president and CEO of Intransa. “With their support and endorsement, Intransa will continue to deliver a new class of high performance, scalable storage products to meet our customers’ business requirements without breaking their IT budgets.”
About Intransa
Intransa, Inc. is the leading innovator of shared, scalable and simple external IP storage solutions for video and IT storage. A single DVR can benefit from Intransa storage, increasing reliability and retention while reducing video surveillance cost.
Based in San Jose, CA, Intransa offers scalable, high performance security-grade storage with outstanding availability and price/performance, with built in Set-and-Forget Management for proven ease of use. The company's Video Storage Administrator toolkit is the first in the industry to configure external storage for use in video surveillance and other physical security applications without requiring extensive IT storage knowledge for maximum benefit. Instead, the VSA is configured and administered using familiar frame rate, resolution, retention period and other physical security terms.
Beginning as a 3Com spin-off, Intransa has been shipping shared IP network storage solutions since 2003. Intransa IP storage is available worldwide through authorized StorPartner security and systems integrators. Intransa is an Axis Communications Applications Development Partner, Cisco Ecosystem Provider, Microsoft Gold Certified Partner, and VMware Technology Alliance Partner along with many other industry partnerships through our StorAlliance Technology Partner program.
Intransa believes and supports industry standards, and is a member of the Security Industry Association, the Storage Networking Industry Association and its green storage initiative, and The Green Grid organization for green IT. Intransa employees are also members and supporters of ASIS International and the ASIS Physical Security Council.
For more information about Intransa and our industry-leading sharable, scalable and simple external IP storage solutions, to locate a StorPartner security and systems integrator, or to join the StorAlliance Technology Partner program, please visit us at www.intransa.com.
Intransa, StarterBlock, Intransa Sharable Security Platform, Intransa ISSP, EdgeBlock, BuildingBlock, PerformanceBlock, Security-Grade IP Video Storage, DynaStac, StorStac OS, StorManager, StorStac Snapshot, StorAR, StorCluster, the 3Rs for Video, the 3Ss of IP Storage, Set-and-Forget Management, StorSupport, StorWarranty, StorAlliance and StorPartner are registered names and trademarks of Intransa, Inc. All others are the property of their respective holders.
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