Infotone Communications, a Redwood City network hardware start-up, has raised a $1 million in convertible debt bridge capital, and is now looking for $5 million to $10 million Series B round of venture capital by the end of the year, the company’s chief technology officer Avery Moon told VentureWire (full story here; registration required):
Infotone’s Codefree brand network hardware provides functions normally associated with middleware software. It allows enterprise customers to integrate disparate enterprise systems, such as payroll and human resources. Moon said Infotone’s hardware is more cost effective to install and maintain than software. Infotone competes with webMethods Inc. and Tibco Software Inc.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more