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Astute Networks receives VC investment to develop ATCA blade storage products
Announced Date: 9/16/2010 Published Date: 9/16/2010

Astute Networks, a provider of bladed storage solutions optimised for demanding applications at the edge of the network, has announced it has received a significant capital investment from Tallwood Venture Capital.

The investment will enable Astute Networks to expand its existing customer base and secure additional design wins for its ATCA bladed storage products.

Astute Networks has systems in use worldwide by customers in telecommunications, defence and other mission-critical environments. The company developed the industry's first 10 Gbit/s iSCSI ATCA storage blade with the performance required to support the bandwidth needs of such next generation applications.

The capital from Tallwood Venture Capital will provide the foundation for expansion of the Astute Networks' storage technology and allow it to augment its support for a variety of applications.