Talari Networks Accelerates Funding Plan to Fuel Sales Growth and Product Development
Talari Investors Complete a $5M Bridge Loan
San Jose, Calif. — Oct. 17, 2012 — Talari Networks, Inc., a leading innovator in WAN reliability and performance quality network appliances, today announced that it has accelerated its fundraising plan and obtained a bridge loan of $5 million to expedite sales fulfillment and engineering capabilities. The bridge loan was funded by existing Talari investors and board members, Menlo Ventures and Silver Creek Ventures.
“This accelerated financing marks a clear vote of confidence by our existing investors in Talari’s unique, patented technology that helps enterprises of all sizes increase bandwidth, reliability and cost-savings of their WANs,” said Talari’s CEO Emerick Woods. “We are now in a stronger position to fully execute on the vast market opportunities ahead.”
About Talari Networks, Inc.
Talari Networks is redefining WAN reliability and performance quality. By aggregating multiple broadband links and continuously adapting to the quality of the network, Talari enables true enterprise-class quality and reliability at consumer prices. Talari’s patented technology delivers 30-100 times gain in bandwidth per dollar, 40-90 percent on-going WAN cost reductions and greater visibility and reliability than MPLS or any other private network. Talari has received numerous industry awards and accolades including being named a Gartner Cool Vendor, Best of Interop–Performance Optimization and Techworld Awards–Networking Application Product of the Year. For more information, visit www.talari.com.