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Pirus Networks Secures Additional Funding

Pirus Networks Secures Additional Funding

Wednesday Sep 26th 2001 by Network Storage Forum Staff

Investment from JAFCO ventures to support access to Asian arkets

Pirus Networks, a storage networking company, this week announced that it has closed an additional $9.5 million in funding from JAFCO Ventures as part of a Series B round, which brings the total raised by Pirus to-date to more than $55 million.

The new funding is targeted to expand the company's marketing, sales and support efforts as Pirus moves towards distribution of the industry's first Storage Utility Switch (PSX-1000). Additionally, JAFCO will provide an extensive network of contacts and new business development teams in Japan and Southeast Asia, to support the Pirus global initiatives.

"Pirus offers a compelling solution for the convergence of IP and storage networking," said Ullas Naik, managing director of JAFCO Ventures. "We specialize in working with emerging players in the IT industry, leveraging our expertise and experience to help those companies meet their growth objectives. We look forward to working with Pirus to help it grow the company's domestic and global presence."

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