Tarari Raises $2M

Content processing acceleration leader obtains investment from Miramar Venture Partners and increased funding from XMLFund

December 3, 2002

1 Min Read

SAN DIEGO -- Tarari Inc., a unique hardware provider of sub-system building blocks for accelerated content processing, announced today it has received an additional $2 million in funding, including a new investment from Miramar Venture Partners and increased funding from existing investor XMLFund. This additional funding completes the Series A round for Tarari, and brings the total funding to $15 million. Crosspoint Venture Partners led the Series A funding.Tarari, an independent company headquartered in San Diego, California, develops hardware components to significantly accelerate the processing of applications such as Network Security and XML Web Services. These components, Tarari Content Processors, enable OEMs, system integrators, and software vendors to quickly and cost-effectively deploy performance-optimized, dynamically reprogrammable solutions for compute-intensive applications. Tarari Content Processors are designed to snap into servers, appliances, and networking devices.“This additional investment completes our first round of funding and signals continued support for our technology, direction and execution,” said Randy Smerik, Tarari President and CEO. “Our first products are slated for shipment this month, December 2002. This meets our committed schedule and is less than four months after our company launch.”Tarari Inc.

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