SAN JOSE, CA--(Marketwired - Nov 18, 2013) - Talari Networks, Inc., a leading innovator in network reliability and business continuity solutions, today announced it has secured Series D financing of $15 million led by new investor Four Rivers Group. Existing investors, including Menlo Ventures and Silver Creek Ventures, also participated. The financing represents an increased valuation of the company, and will be used to pay off bridge loans and provide growth capital.
Led by an experienced and solid executive staff and research and development team, Talari has developed an innovative technology that dramatically improves the reliability and capacity of enterprise networks. As companies' WANs become an ever more important factor in business performance, Talari is well positioned to grow even more rapidly.
"This investment provides Talari with greater capacity and resources to bring our solutions to new customers and partners," said Talari Networks' CEO Emerick Woods. "We were attracted to Four Rivers because of its track record of collaborating with emerging high technology companies pioneering innovative new technologies. We are thrilled to have Four Rivers join our current investors to sponsor our next phase of growth."
Talari continues to experience growth in customers, revenue and partners and anticipates this continuing with the release of its Adaptive Private Networking (APN) 3.0 operating software. Talari's APN operating software was awarded the highly coveted Best of Interop 2013 Award in the "Performance Optimization & Testing" category. Talari's innovative APN technology for WANs aggregate broadband, leased-line and other links to create a highly resilient WAN that automatically and intelligently adapts on a per-packet, per-second basis to changing conditions in the network to ensure that applications operate without disruption and at a high level of quality.
About Talari Networks, Inc.
Talari Networks is improving WAN reliability, capacity and affordability to enable a network that supports the growing demands of mission-critical applications. By aggregating multiple diverse networks into a virtual WAN and continuously adapting traffic based on the availability and real-time quality of the network paths, Talari ensures applications that rely on a WAN are not affected by underlying network issues. Talari's patented technology delivers significant cost savings over single-provider networks while also increasing reliability and quality. Talari has received numerous industry awards, including Best of Interop-Performance Optimization, Techworld Awards-Networking Application Product of the Year; and named Garter Cool Vendor, CRN 2013 Emerging Vendors and CRN Data Center 100 List. For more information, visit www.talari.com.
Talari Networks is a trademark of Talari Networks, Inc. Other company, product and service names mentioned herein may be trademarks or service marks of their respective owners.