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Egenera Raises $26 Million in Series-E Funding |
Egenera, Inc., a global leader in datacenter virtualization architecture, raised $26 million in a Series E round of funding. Led by Pharos Capital Group and Fujitsu Siemens Computers, the round was completed at a significantly increased valuation over Egenera's previous financing round. Along with new investors Pharos and Fujitsu Siemens Computers, Egenera's core major investors also participated in the round.
The Series E financing will be used to further accelerate the company's global growth and to fuel technology innovations in virtualization and utility computing. With Series E of funding, Egenera has raised more than $150 million in private funding.
"We are very pleased to add new participant Pharos and our strategic OEM partner Fujitsu Siemens Computers to the list of blue-chip investors that continue to provide enthusiastic support for Egenera," said Thomas Sheehan, chief financial officer, Egenera. "Our latest round of funding is a strong endorsement of the business value Egenera delivers to customers and reflects the success of our OEM relationship with Fujitsu Siemens Computers."
Egenera was founded in March 2000 by Vern Brownell, former CTO of Goldman Sachs, based on his experience running one of the world's largest and most sophisticated datacenters. An early pioneer in pivotal markets such as virtualization, blade servers and utility computing, Egenera brings its experience and depth to a rapidly expanding customer list of global enterprises, service providers and government agencies.
"Egenera's remarkable penetration into such competitive markets speaks volumes about the business value Egenera technology brings to enterprise computing," said Jim Phillips, partner, Pharos Capital Group, LLC. "Our investment in Egenera reflects Pharos' commitment to supporting well-managed, pioneering companies that are executing on a clear growth path. We're excited to be working with them."
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