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January 5, 2004

Ingrian secures $14m funding

Ingrian Networks Inc, a maker of cryptographic devices and SSL accelerators, yesterday announced the closure of a $14m round of funding, its third tranche of venture capital, bringing its total funding to date to over $40m.

By CBR Staff Writer

Participants in the round included Prism Venture Partners, Globespan Capital Partners, HighBAR Ventures and Partech International. The announcement comes a month after Ingrian recruited new CEO Robert Steinkrauss.

Ingrian makes devices that perform data security functions in the network, securing data at rest and in transit. Using ASICs, the systems are able to increase the performance of cryptographic processes such as key exchange and encryption.

This article is based on material originally produced by ComputerWire.

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