Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Procera Picks Up $4.6M

Its not just VC-funded startups that are getting money at the moment. Teensy, publicly traded security vendor Procera Networks Inc. (OTC: PRNW), with a market cap of $36 million, has just bagged $4.6 million in strategic funding to support the development of its OptimIP devices.

Gary Johnson, Procera’s senior vice president of sales and marketing told NDCF that the money will be used to beef up the company’s sales and support operations and develop the OptimIP architecture.

However, he was less forthcoming on where the money actually came from, saying only that some “individuals, banks, and funds” were involved.

The Campbell, Calif.-based firm unveiled its first OptimIP devices, the 2402 SMB box and the 12012 enterprise product, last August (see Procera Launches OptimIP 12012 and Procera Intros Entry-Level OptimIP).

The devices, which can be deployed either at the core or the edge of a network, offer both security and application performance features, according to Procera. This includes denial-of-service protection and the ability to prioritize traffic as it flows across the network.

  • 1