Talari Networks lands $6.2 million
Talari Networks has raised a $6.2 million round led by Menlo Ventures and existing private investors, the Raleigh-based firm announced on Tuesday. The capital is expected to fund a significant expansion of research and development operations in RTP.
Talari provides high-bandwidth, high-reliability enterprise WANs. During a phone interview with Local Tech Wire, John Dickey, co-founder of Talari and vice president of engineering, noted the plans are to expand Talari staff and the breadth of the product line to make it more affordable.
“We want to bring more jobs to North Carolina and save our customers money,” Dickey said. “We are a very recession-proof company as we look to expand bandwidth and offer a high return on investment.”
Talari currently has six employees with operations in Raleigh and San Jose, Calif.
“We're excited to be able to help Talari Networks bring Internet economics to business-quality WANs,” said Hal Calhoun, managing director of Menlo Ventures. “Adaptive Private Networking’s unique ability to substantially lower IT operating costs without sacrificing reliability makes an important contribution to the marketplace in today’s difficult business climate.”
Talari's Adaptive Private Networking (APN) approach leverages standard VPN technology for secure data delivery and uses end-to-end algorithms for dynamic, real-time, per-packet traffic engineering.
It continuously measures loss, latency, and jitter and adapts network traffic flow almost instantly, delivering reliable and predictable application performance that leverages all available bandwidth sources. APN solves the reliability problems often associated with running VoIP and videoconferencing on shared IP WANs, and it can be added seamlessly to existing networks.
“We’re delighted that Menlo Ventures shares our vision for delivering both value and reliability to help businesses large and small meet their technical and economic challenges,” said Andrew Gottlieb, co-founder and CEO of Talari Networks. “In a tough environment for both business funding and employment, we’re pleased to attract investment that lets us provide local opportunities and continue to grow our world-class engineering team in order to strengthen our leadership and meet the needs of our growing customer base.”
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