Second-round financing from American Express, Prism Venture Partners, JAFCO Ventures, and Partech

February 19, 2002

1 Min Read

REDWOOD CITY, Calif. -- Ingrian Networks, the leader in secure networking, today announced it has raised $22 million in second-round financing from American Express (NYSE: AXP), Prism Venture Partners, JAFCO Ventures and Partech International. These new investors join existing investors Bill Joy, co-founder and chief scientist of Sun Microsystems (Nasdaq: SUNW), Andy Bechtolsheim, founder of Granite Systems, and Roy Thiele-Sardina, co-founder of Tasmania Networks who also invested in this round, bringing the company's total funding over two rounds to more than $26 million. In addition, Ingrian Networks is adding three members to its board of directors: Jack Sweeney, General Partner of Prism Venture Partners, Jon Callaghan, Managing Director of JAFCO Ventures, and Glenn Solomon, General Partner of Partech International. "We chose to invest in Ingrian Networks because we believe that the company's platforms can effectively address the Internet data security needs that leading companies require and that online customers expect," said Pierric Beckert, Senior Vice President, Investments and Business Development, American Express. "We share and support Ingrian Networks' commitment to developing and deploying innovative online security solutions, and expect to leverage the company's technology for the benefit of our customers." Ingrian Networks Inc.

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