Mark Masur, Silver Creek: Talari Networks Wins $10M in Series B Funding

August 13, 2010

Talari Networkst has raised $10 million in a second round of institutional funding led by Silver Creek Ventures with existing backers Menlo Ventures and private investors also participating. Mark Masur, Silver Creek Ventures General Partner, will join Talari’s board of directors.

“With their straightforward and proven value proposition, Talari is well positioned to take advantage of the growing trend to centralize and simplify IT services,” said Mark Masur of Silver Creek. “By allowing IT managers to add significant amounts of WAN bandwidth at low cost with business-class reliability, the company has already attracted an impressive list of customers.”

“We will use this new funding round to add resources in all areas of the business and position ourselves for the next phase of growth driven by the broad adoption of our Adaptive Private Networking technology,” said Andy Gottlieb, CEO of Talari Networks. “In particular we will grow our sales force significantly to extend our reach in North America and develop the European market.”

Customer Adoption

John Wiley & Sons Inc., Lextron Inc., M. Arthur Gensler Jr. & Associates, Inc. and Petroleum Pipe, Ltd. are just a few examples of companies in different industries that are using WAN Virtualization to reduce the cost of their WAN infrastructure, and at the same time adding bandwidth to remote locations while making their network more resilient and reliable.

“With our private cloud IT infrastructure we have simplified the management of our remote sites but it means we have had to rely on expensive private WAN connections between locations,” says Tim Hays, Director of IT at Lextron, Inc. “With Talari I can reduce my dependence on private bandwidth at existing sites by using more Internet connectivity and immediately bring up new locations at much lower cost.”

The company previously raised $6.2 million.