Tasman Networks, a start-up based in San Jose, California, secured $14.4 million in new equity financing for its multi-service edge routers for the service provider, OEM, and enterprise markets. Tasman's products scale from fractional T1 to multiple DS-3 bandwidths. Its Virtual Ethernet technology allows customers to deploy the routers transparently into existing infrastructure. The products provide a scale-on-demand provisioning capability to adjust to changing customer bandwidth needs. Additional ports can be turned on and bonded together remotely.
The company said its product architecture enables its boxes to integrate many of the functions currently being delivered by specialized security and VPN appliances. Strategically, it believes a consolidation of all of these edge boxes will occur. Tactically, Tasman distributes its products largely through OEM relationships with other systems manufacturers. It does not plan to build up its own brand and channel.
The new funding was led by Parker Price Venture Capital and was joined by new investor Harbinger Venture Management. Existing investors Mayfield, New Enterprise Associates (NEA), and Tasman employees participated in the round. http://www.tasmannetworks.com/
- Tasman Networks was founded in 1997 and has raised $93 million to date in five rounds of funding.
- Tasman Networks is headed by Paul Smith, who previously was General Manager of the Telecom Division of New Focus.
