Storage maker Intransa lands $15m in funding
SAN JOSE, Calif.Ã¢â‚¬â€IP storage maker Intransa, based here, announced this week $15 million in new funding. This most recent round was led by Rho ventures, who placed partner Paul Bartlett on the Intransa board of directors.
Rho joins other Intransa investors Entrepia Ventures, Guggenheim Venture Partners, Menlo Ventures and US Venture Partners. The new funding is intended to accelerate sales, marketing and research and development efforts, according to a press release.
Ã¢â‚¬Å“I am extremely happy to have Paul and Rho Ventures join Intransa at this critical time,Ã¢â‚¬Â commented Bud Broomhead, CEO of Intransa, in a prepared statement. Ã¢â‚¬Å“While the economy is uncertain, the need to upgrade existing CCTV infrastructure affordably and risk-free will be more important than ever. Only Intransa has proven that it can meet the challenges of reducing surveillance system cost while extending DVR life and capabilities.Ã¢â‚¬Â
For more information, see the December issue of Security Systems News.