Peribit Networks, a start-up based in Santa Clara, California, secured $10 million in fourth round financing for its WAN application performance solutions. Peribit has now raised a total of $42 million to date and its valuation stands at $100 million. The new funding was led by China-based WK Technology Fund and included previous investors Mayfield, Accel Partners and Foundation Capital.
Peribit's Molecular Sequence Reduction (MSR) technology applies DNA pattern matching algorithms to data networks to remove massive amounts of repetitive data from WAN links. The technology enables Peribit to deliver up to ten times the link and application performance over existing WAN connections. Peribit has also developed a new Packet Flow Acceleration (PFA) technology that addresses poor application performance caused WAN latency. WAN latency tends to delay the acknowledgements between send and receive endpoints and this impedes an application's ability to send additional data while it's in a "wait state". Peribit's PFA technology accelerates short flows by optimizing the TCP session initialization. For large bulk data transfers, PFA minimizes the TCP idle time during which the server is unable to transfer more data due to WAN latency. This results in an optimized data flow from sender to receiver and a significant reduction in the total time to completion for the data transfer.
Peribit offers a line of "Sequence Reducers" that operate at both ends of IP links running at rates from 2 Mbps up to 45 Mbps.
Separately, Peribit announced that Cintas Corporation, which provides uniforms to businesses across the U.S., has installed Peribit Sequence Reducers at more than 250 locations. The company rolled out 20-30 Peribit units each week within their international Frame Relay network. The $1 million deployment enables Cintas to rollout new applications while improving response time and without needing to upgrade its Frame Relay network. The company said that on average, the Sequence Reducers cut network traffic by 65%, increasing Cintas' existing capacity almost three times. During peak periods, the traffic reduction rate is more than 80%.
http://www.peribit.com
- Peribit Networks was founded in May 2000 by Dr. Amit P. Singh, a researcher at Stanford University, and Balraj Singh, who previously was part of the original design team for Intel's Pentium.
