RealTime IT News

Nauticus Nabs $21M

Nauticus Networks, a Framingham, Mass., developer of data center switches, has raised $21 million in second-round financing for sales, marketing and engineering.

Charles River Ventures, Matrix Partners, and North Bridge Venture Partners were among the investors. Since it was founded in October 2000, the company has banked $33 million.

Its first round closed in February 2001, a time when infrastructure startups were still scoring large rounds.

"Nauticus has identified a dynamic market opportunity and delivered technology innovations that will give them sustainable competitive advantage in the data center infrastructure market," said Andy Marcuvitz, of Matrix Partners.

The privately held firm is developing a product line of gigabit-scaled application switches that will allow large companies and service providers to deliver network and security services.

"The explosive growth of Internet-enabled applications and services has put a considerable strain on the data center," said Josh Weiss, Nauticus president and CEO. "Nauticus will address the challenges of creating a business-grade infrastructure that delivers performance and security at levels required to support Net-enabled computing."

Weiss, a company co-founder, is a vet of Lucent and 3Com, among other networking firms.