Astute Networks develops networked Flash solutions including its patented DataPump Engine™ and Networked Performance Flash architecture, delivered in the ViSX family of flash‑optimized appliances. The company’s technology is designed to accelerate virtual machine and application performance on major virtualization platforms such as VMware vSphere, Microsoft Hyper‑V, Citrix XenServer, and Red Hat RHEV. Led by CEO Steve Topper and based in San Diego, CA, Astute targets virtualized server, desktop, and cloud computing environments. The company closed a $12M Series B to support growth. It plans to use the proceeds to expand global sales, marketing, channel development, and support efforts. The funding will also finance ongoing innovation of its core DataPump Engine, Networked Performance Flash, and related technologies. Astute Networks is a San Diego-based provider of ATCA bladed storage solutions. Its systems are used worldwide by customers in telecommunications, military, aerospace, government and other mission-critical markets. The company developed a 10Gb iSCSI ATCA storage blade designed to support the bandwidth needs of next-generation applications. Astute Networks received a "significant" capital investment from Tallwood Venture Capital. The investment is intended to enable the company to expand its existing customer base and enhance its portfolio of ATCA bladed storage products. The article does not disclose financial details beyond the investment's description.

Total raised

$12M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2012