Intransa says it expects to use the latest cash injection to increase its sales and marketing programs, build customer services, and develop of a new generation of products.
Katz says the company, with 65 employees, probably wont need to increase its staff much as it prepares to start shipping its very first product later this month.
"The funding was based on them not only meeting their milestones, but exceeding them," says Geoffrey Baehr, a partner with US Venture Partners.
A new CEO and the latest influx of cash should simplify Intransas next big project: getting its iSCSI-based IP5000 storage system out the door. The company started beta testing its IP SAN box in April and says it plans to announce a ship date within the next few weeks. Katz says that a number of the companys more than 12 beta customers have voiced interest in becoming paying customers.
The IP5000 consists of iSCSI-based back-end disk enclosures connected to its proprietary storage controllers, which provide volume management and other functions. The system, which connects to servers over standard Gigabit Ethernet, will carry a starting list price of $62,500 for 3.2 Tbytes (1.6 Tbytes usable), including hardware and software.
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