Intransa Inc., looking to launch its iSCSI-based storage system sometime this year, has raised an additional $6 million in funding, bringing its total funding to date to $33 million (see Intransa Pulls Down $6M Round).
Investors in the latest round include its previous investors -- 3Com Corp. (Nasdaq: COMS), Advanced Technology Ventures (ATV), Sofinnova Ventures Inc., and U.S. Venture Partners -- as well as another "strategic investor" that Intransa says wants to remain anonymous for now.
Alan Kessler, Intransa's president and CEO, says the funding will be used to build a "very small, focused sales team," as well as a service infrastructure, as the company gears up to launch later in 2003.
The company, founded in September 2000, evidently is also still hiring on the engineering side. Its site advertises job openings for quality-assurance engineers, a security architect, and -- can this be right? -- a "director of architecture," who's supposed to "define, establish, document, and articulate the architectural direction and product portfolio for Intransas storage networking technology." WHOA! Wait right there, cowpoke. Shouldn't y'all have crossed that bridge already?
Maybe this explains why its product, which Intransa originally expected to deliver by the end of 2002, is a no-show. It probably also doesn't help that the iSCSI protocol, which sends SCSI commands over IP networks, took about six months longer than the industry expected to make it through the Internet Engineering Task Force (IETF)'s IP storage technical working group (see iSCSI Spec Set and Microsoft Won't Ship iSCSI in .NET).