Aside from that, there's precious little additional info we were able to turn up at all about this early-stage firm (whose phone number connects directly to Acorn's switchboard). However, it's noteworthy enough that its Series A funding came from Intel and high-tech incubator Acorn, which are certainly both coveted investors in the technology field.
Wu Fu Chen, managing partner of Acorn, has been around the high-tech block a few times over. Chen was at Cascade Communications before it was sold to Ascend for $2.6 billion, and he founded three other companies that went on to sell for big bucks: Arris Networks (bought by Cascade for $145 million), Ardent Communications (sold to Cisco Systems Inc. [Nasdaq: CSCO] for $232 million), and Shasta Networks (to Nortel Networks Corp. [NYSE/Toronto: NT], $340 million).
Chen is quoted saying this in Rasilient's funding announcement: "We believe that Rasilient is in a unique position to leverage Acorn Campus's relationships in Asia to bring optimum storage systems for small enterprises. There is a huge market demand in this sector which will be met by innovative new companies like Rasilient." Not much light shed, there.
Meanwhile, the Intel Communications Fund invests in "companies developing basic communications and semiconductor components and boards, real-time operating systems, software tools and utilities, system level hardware and software, and wireless network services and channels." Errrr... well, that doesn't really help us figure out what Rasilient does, either.
Here's Mike Wall, general manager of Intel's storage components division, again in the Rasilient press release: "Rasilient exemplifies the value of combining common storage building blocks into storage arrays that satisfy a broad set of customer requirements at costs significantly lower than traditional high availability offerings. Scalable, high-volume storage is a major focus of Intel's storage strategy and RASilient is bringing that concept into reality."
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