But Aarohis marketing VP Joel Warford says his company held back the news of McData's investment because Aarohi was still raising money in August. If it announced the round then, investors might have been confused, he says, thinking the startup was opening another round. It wasnt closed at the time from Aarohis perspective, he says of McDatas August announcement.
Aarohi subsequently raised another $7.5 million from Infineon Technologies AG (NYSE/Frankfurt: IFX) to complete its round. The $13.5 million brings Aarohis total funding to date to $36.5 million. The expectation is that it will get us through 2004 and into the early part of 2005, Warford says.
The company plans to use the money to hire from six to eight new employees in sales, marketing, product development, and customer service. That would bring the head count to around 60. Warford says the hires would be in the companys San Jose, Calif., headquarters and its development center in India.
Dave Raffo, Senior Editor, Byte and Switch
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