The first rumors of Expands latest funding round emerged earlier this month, although this weeks deal with Intel Capital was worth slightly less than the expected $10 million cash infusion.
The WAN optimization vendor has nonetheless raked in the funding over the last few years. Expand picked up $21 million in an F round of funding just over a year ago, taking its total funding to $74 million, a figure which is now well over $80 million.
Despite facing stiff competition in the WAN optimization market from the likes of Juniper and Cisco, Expands Davison denies that the vendor that a lack of money prompted this weeks funding round.
No, absolutely not, he says. If you look at the Intel investment, its to continue our rapid growth.
The exec refused to quantify this "growth" in dollar terms, but did confirm that Expand has racked up around 3,500 customers.
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