Clustra Systems Secures $19 Million Series B Financing; Clarity Capital Leads Round with VantagePoint Venture Partners, Telsystem - Argo Global Capital, Siemens's Mustang Ventures.Business Editors OAKLAND Oakland, city (1990 pop. 372,242), seat of Alameda co., W Calif., on the eastern side of San Francisco Bay; inc. 1852. Together with San Francisco and San Jose, the city comprises the fourth largest metropolitan area in the United States. , Calif.--(BUSINESS WIRE)--April 25, 2001 Clustra Systems, Inc., the leading provider of always on technology for the 24x7 world, today announced completion of a $19 million Series B financing round. Led by Clarity Capital and Mustang mustang [Sp. mesteño=a stray], small feral horse of the W United States. Mustangs are descended from escaped Native American horses, which in turn were descended from horses of North African blood, brought to the New World by the Spanish c.1500. Ventures, and including funding from Series A investors VantagePoint Venture Partners and Telesystem - Argo Argo (är`gō), in Greek mythology, ship in which Jason and the Argonauts sailed in quest of the Golden Fleece. Most legends say that Argus, son of Phrixus, was the builder, with the help of Athena. Global Capital, this new round of investment will allow Clustra to accelerate marketing and developer initiatives, and continue to extend the capabilities of Clustra's always on next generation technology offering. "Clustra is a great fit for our portfolio, and the technology has broad application," stated Anthony Cirurgiao, Managing Partner of Clarity Capital who led the round. "We're excited by the potential, because the next generation of net-based appliances requires the continuous operations that Clustra enables." "We are delighted at the very high level of interest and commitment we have received from our existing and new investors in this round at a time of volatile markets. We believe that every investor will make a unique and significant contribution to the success of Clustra," said Gary Ebersole, Chief Executive Officer of Clustra Systems. This new placement follows Clustra's $10 million Series A round completed in 1999. Matt Ocko, General Partner of Vantage Point Venture Partners, added, "Clustra's combination of scalability, high performance, fault-tolerance, and very low TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. is unprecedented in the database world. We believe it has the potential to permanently change the database price/performance equation for a number of mission-critical applications." About Clustra Systems Clustra Systems delivers proven always-on technology. Clustra's core product, the Clustra Database, is an industrial-strength SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. designed for innovative companies with real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , data-driven applications that require always-on, easily scalable, 24x7 infrastructure. Flexible and self-managing, Clustra's unique technology is the foundation making continuous availability universal and accessible for all businesses in today's "Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the dial-tone" world. Clustra is backed by a world-class investment team, led by VantagePoint Venture Partners and including Clarity Capital, Mustang Ventures, Telesystem - Argo Global Capital, and private investors. For additional information on Clustra Systems, call 510/267-2200, or visit the company's Web site at www.clustra.com. Note to Editors: Clustra Systems, Inc. and Clustra Database are trademarks of Clustra Systems, Inc. All other brand and product names may be trademarks or registered trademarks of their respective owners. |
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