RealTime IT News

Intransa Secures $15 Million in Venture Financing

Intransa this week announced it has raised over $15 million in venture capital financing, co-led by Advanced Technology Ventures and US Venture Partners. The company said its products will enable a new generation of cost-effective, high performance, networked storage solutions, ranging from workgroup to enterprise solutions.

"The appetite for storage right now is voracious. Developing a sound strategy for the storage infrastructure has never been more important. We believe that Intransa has brought together a world-class team coupled with a strong technology solution that will give them a dominant position in this increasingly complex market," said Wes Raffel, general partner of Advanced Technology Ventures.

Geoff Baehr, general partner of US Venture Partners said, "US Venture Partners sees Intransa as being the leader in Virtualized Storage, unifying the complex, and today fragmented, non-SAN storage market."

Intransa said its team consists of highly experienced industry veterans and PhDs from top ranked research institutions lead by the founder and president Peter Wang, Vice President of Engineering Randy Harr, and Udi Paret.