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Bivio Brings In $16.5M

Data center startup Bivio Networks has clinched $16.5 million in its fourth funding round, bringing the companys total funding to date to $54 million.

Goldman Sachs & Co. participated in the round, along with InterWest Partners, Storm Ventures and Venrock Associates.

Execs at Bivio hope that the cash will carry the company to profitability in the second half of 2006. The bulk of the cash will help the company ramp up marketing and manufacturing for Bivio’s application delivery devices, chief executive Elan Amir tells NDCF.

“Eighty percent of it is going to sales and marketing expansion and manufacturing, all those things that you need to do to grow the customer base,” he says.

Bivio has changed shape a number of times since the company was founded back in 2000. The firm started life selling application delivery devices for carriers, and then, when this market ran into trouble, became a reseller for Check Point Software Technologies Ltd.'s (Nasdaq: CHKP) firewall technology.

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