Nominum Raises Another $16M
REDWOOD CITY, Calif. -- Nominum, the leader in IP address management, today announced it has raised $16 million in additional funding. The new funding round was led by Advanced Technology Ventures (ATV). Existing Nominum investors Bessemer Venture Partners, Morgenthaler Ventures, Globespan Capital Partners, Presidio Venture Partners, Silicon Valley Bank and other strategic investors also participated in the funding round. With the new funds, the total equity investment in Nominum is now $45 million.
Nominum will use this investment to continue expansion of their worldwide sales and business operations in support of its Nominum Foundation(TM) product family.
"The increased reliance on Internet technologies for worldwide communications is raising the bar on the crucial name-and-address network infrastructure," said Steve Baloff, general partner of Advanced Technology Ventures. "Nominum has the people, expertise and solutions to improve on fundamental technologies that underlie the Internet, making the company a key element of a marketplace that is primed for growth."
"With this new financing and investor support, Nominum is well-positioned to extend its current leadership in IP name and address management software," said Chris Risley, CEO of Nominum. "This latest round of funding validates investor confidence in our offering of carrier grade solutions for today's critical network infrastructure."
Nominum worldwide customers include British Telecom, Samsung Networks, ASAHI Net, COLT Telecoms, NTL, Telewest, 3, and KPN. Leveraging the powerful performance of Nominum's DNS, DHCP and IP name and address management product suite, service providers and enterprises are implementing Nominum's software to provide a reliable, secure, and cost effective platform from which to run their mission critical operations.