"Its just taking longer to get to breakeven than anyone could have foreseen in 2000," our insider says. To recap, SAN Valley has received a total of about $40 million in funding since April 1999 from Agilent Technologies Inc. (NYSE: A), Cisco Systems Inc. (Nasdaq: CSCO), Innovacom Venture Capital, Moore Capital Management Inc., Upstart Capital, and Vertex Management Inc.
However, SAN Valley, which has 25 employees, doubled its revenues in December, pulling in $600,000. Sales for January are apparently tracking nicely, the company says. In addition, SAN Valley plans to launch its Fibre Channel router, which it claims has been demonstrated in a number of complex networks, late this summer.
Like SANcastle Technologies Inc.'s product, SAN Valley's router will connect islands of SANs running incompatible Fibre Channel switches from different vendors. SAN Valley claims its router is technically superior to anything else on the market, but we'll just wait and see about that when it eventually delivers (see SANcastle Retreats to FC Kingdom
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