Network Computingwww.networkcomputing.com

Gear6 Grabs $10M

Posted by James Rogers on March 27, 2008

Tags: Other

Channel: Other

I/O acceleration specialist Gear6 has clinched $10 million in Series B funding as the vendor ramps up plans to extend its product line further into database acceleration, cloud computing and virtualization.

The round, which was led by Horizon Ventures, also included existing investors U.S. Venture Partners and InterWest Partners, brings the startup's total funding to $24.5 million.

Up until now, most of Gear6's energy has been focused on selling its CACHEfx appliances into the financial, energy exploration, and animation markets, although this week's cash influx will extend the reach of its caching technology.

"I think what you're going to see from us is continued expansion into these areas, but also into other areas such as database acceleration, Web applications for cloud computing, and virtual environments," says Gary Orenstein, Gear6's vice president of marketing.