Posted under Venture Capital
from http://www.pehub.com 858 days ago

Astute Networks Inc. said it raised $12 million in an over subscribed Series B round led by Samsung Venture Investment Corp. The rounded was joined by existing investors Tallwood Venture Capital and Narra Venture Capital and by new investors Ayala Capital, ICCP Venture Partners, and TIFF.

PRESS RELEASE

ASTUTE NETWORKS CLOSES $12 MILLION SERIES B FINANCING IN OVER-SUBSCRIBED ROUND TO CAPITALIZE ON MULTI-BILLION DOLLAR FLASH MARKET

Strong Syndicate of Venture Capital and Corporate Investors Back Astute to Capitalize on New Era of Networked Performance Flash for Accelerating Virtualized Server, Desktop and Cloud Computing Environments

SAN DIEGO, Calif. – June 19, 2012 – Astute Networks,TM Inc.,  the leading provider of Networked Performance Flash™ solutions for accelerating virtualized server, desktop, and cloud computing environments, today announced that it has closed financing in a over-subscribed $12 Million Series B funding round led by Samsung Venture Investment Corporation (SVIC), the investment arm of Samsung Group ...

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