Aarohi Communications Completes $13.5 Million Series B1 Financing
December 15 2003 - 8:30AM
PR Newswire (US)
Aarohi Communications Completes $13.5 Million Series B1 Financing
New Corporate and Existing Investors Endorse Aarohi FabricStream
Technology for Intelligent Storage Networking Market; Over $36
Million Raised to Date SAN JOSE, Calif., Dec. 15 /PRNewswire/ --
Aarohi Communications, Inc., provider of FabricStream(TM) enabling
technology for intelligent storage networking equipment, today
announced the close of a $13.5 million series B1 financing round.
The round was led by new corporate investors McDATA Corporation and
Infineon Technologies and included participation from previous
investors. The round brings Aarohi's total funding to date to over
$36 million. The new investment will support continued expansion of
the company's sales, marketing, product development and customer
service. "Aarohi's FabricStream technology allows storage equipment
vendors to build application processing intelligence into their
customers' storage networks," said Ameesh Divatia, chief executive
officer at Aarohi. "FabricStream accelerates application
performance, simplifies manageability and reduces overall TCO.
Despite a challenging funding environment, we completed the Series
B1 round at a higher valuation than our Series B round from
December 2002, reflecting the company's measurable progress toward
capturing a defensible leadership position in the emerging storage
application processing market." Aarohi FabricStream technology,
which combines purpose-built software and silicon, enables
application processing technology to be integrated into storage
networking platforms such as fabric switches, directors,
appliances, servers and storage arrays. To date, five leading
storage management application software developers have joined the
FabricStream Alliance Partner Program and committed to support
FabricStream in their products, and several leading storage
hardware vendors plan to begin shipping FabricStream-enabled
products in 2004. "Aarohi FabricStream technology makes a major
contribution to the evolution of next generation intelligent
storage networking platforms, offering scalability and advanced
network management capabilities," said Mark Tyndall, vice president
of business development for the wireline communications business
group of Infineon Technologies North America Corp. "Our investment
in the company and its technology is part of a growing relationship
between Aarohi and Infineon, and is in line with our strategic plan
to address the fast growing storage networking market." About
Aarohi Communications Aarohi Communications is the provider of
FabricStream, the enabling technology for a new generation of
intelligent storage networking platforms that will dramatically
simplify enterprise storage management and enable heterogeneous
storage consolidation. Founded in 2001, Aarohi is headquartered in
San Jose, California with a second development center in Bangalore,
India. Aarohi has raised over $36 million to date from venture
capitalists and corporate partners including Telesoft Partners,
Kennet Venture Partners, Intel Capital, Infineon Technologies and
McDATA Corporation. The company can be reached by phone at
408.434.6064 and on the Web at http://www.aarohi.net/. NOTE:
FabricStream is a trademark of Aarohi Communications, Inc. All
other brands, products, service names, trademarks or registered
service marks are used to identify the products or services of
their respective owners. DATASOURCE: Aarohi Communications, Inc.
CONTACT: Corey Oiesen, , or Kerry Swanson, , of Dovetail Public
Relations, +1-408-395-3600, for Aarohi Communications; or Joel
Warford of Aarohi Communications, +1-408-434- 6064, ext. 273, or
Web site: http://www.aarohi.net/
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