Thursday, March 7, 2013

Pertino Raises $20 Million for Cloud Networking Service

Pertino, a start-up based in Los Gatos, California,  raised $20 million in Series B funding for its cloud networking service.

Recently, Pertino launched a limited release of a cloud-based "network engine" for small-to-medium businesses. The idea is to use cloud programmability to instantly create secure networks using existing gear.  The Pertino service allows customers to build a free network for up to three members with three devices each, and then pay only $10 per member per month as they grow.

The funding round was led by new investor Jafco Ventures with participation from existing investors, including Norwest Venture Partners and Lightspeed Venture Partners.  This latest round of funding brings Pertino’s total amount raised to $28.85 million.