MONROVIA, Calif. -- FastSoft Inc. (fastsoft.com), an early-stage, Southern California-based company developing products that accelerate the transfer of data over the Internet, today announced that it has completed a $4 million round of private equity funding led by Miramar Venture Partners (www.miramarvp.com). Funding will be used to accelerate sales and marketing efforts and further product development.
FastSoft uses award-winning, patent-pending Internet acceleration technology to help companies in manufacturing, telecommunications, and media/entertainment increase revenues and productivity and decrease costs. In todays broadband-powered world, the transfer of large files is seriously hindered by TCP, the protocol that governs more than 90% of Internet traffic. Companies that depend on the transfer of large files, including video, design, and backup, lose valuable time and productivity waiting for data to download. FastSofts flagship Aria product line is empowering organizations to realize the full capacity of their Internet connections with a single-box tool that provides native TCP enhancement and does not require any hardware or software on the receiving end.
FastSofts patent-pending FastTCP technology, which was developed using research undertaken by company CEO Steven Low at the California Institute of Technology's Networking Laboratory (Netlab), was a key component of the winning entries at the SuperComputing Bandwidth Challenge for the last four years. According to Dr. Low, "From day one our focus has been to help companies that depend on the transfer of large files increase their productivity and their profitability. This funding is a validation of the work we have been doing for the last five years."
Fastsoft has developed remarkable technology that sets it apart from current TCP acceleration products. We at Miramar are excited to work with a Dr. Steven Low and his world-class technical team to bring this new product to the market, according to Heiner Sussner of Miramar Venture Partners.
Miramar Venture Partners