Tarari's momentum increases with $13.8 million series B funding

June 16, 2004

1 Min Read

SAN DIEGO -- Tarari Inc., the award-winning acceleration company, announced today that it has successfully completed a Series B round of private equity financing for $13.8 million. Morgan Stanley Venture Partners is the lead second‑round investor and is joined by all of the first-round investors: Crosspoint Venture Partners, Intel Capital, Miramar Venture Partners and XMLFund.

“We are excited and proud to have Morgan Stanley Venture Partners lead our series B round,” said Randy Smerik, president and CEO of Tarari, Inc. “This round of funding was over-subscribed, and we secured more funding than originally planned due to the strong interest in the company by the investment community. In fact, all of our original funding partners also participated in this Series B funding. We have a tremendous team of people at Tarari, and the addition of Morgan Stanley as a top tier investor further validates our business direction and the ability of our team to execute on it...”

Tarari Inc.

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