Aruba Nabs $20M
The company's new financial honcho, Dustin Williams, tells Unstrung that the latest round, led by Trinity Ventures, should be the last funding the company requires to take it to breakeven. Aruba has now gathered a total of $29.5 million.
Williams was formerly CFO at storage startup Rhapsody networks, which was bought by Brocade Communications Systems Inc. (Nasdaq: BRCD) this year.
Aruba's new chairman of the board is Dominic Orr, who was the CEO of Alteon WebSystems. Many of the Aruba team were formerly with Alteon, which was bought by Nortel Networks Corp. (NYSE/Toronto: NT). (See Aruba's Switch Pitch for more on this.)
Despite all the additions at the top, the firm has still not signed up a new CEO. Aruba told Unstrung back in February that it was on the hunt for a new head (see S.Lo No Go as Aruba CEO) On the product front, Aruba's director of marketing David Callisch says the startup has shifted a "couple of dozen" systems since it started shipping in June.
Callisch says the next step for the firm is to form some strategic partnerships, the first of which will be announced in a couple of months.
— Dan Jones, Senior Editor, Unstrung