Monday, January 30, 2006

Silver Peak Raises $13 Million for Network Acceleration Appliances

Silver Peak Systems, a start-up based in Mountain View, California, secured $13 million in series B funding for its enterprise-class network acceleration appliances.

Silver Peak is developing "Local Instance Networking" technology that reduces "server sprawl" and achieves exceptional acceleration for all applications, including email, web, file transfers, real-time applications like Citrix and media applications such as VoIP. Silver Peak's NX Series appliances use "Network Memory" to eliminate the transfer of redundant information over the WAN to deliver a secure, LAN-like experience for distributed applications. It is the only solution to operate at the network layer, providing scalability and performance enhancements across all enterprise applications through a combination of local information storage, advanced data fingerprinting, data reduction, compression, QoS and latency/loss mitigation.

Duff Ackerman & Goodrich (DAG) LLC led the round, which also included investments from Benchmark Capital, Greylock Partners and Pinnacle Ventures.

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