RNA Networks nails $7 million |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Startup of the Week: LocalBonus aims at 'buy local' movement
- Seattle webcomic The Oatmeal generates Tesla-Edison controversy
- Amazon falls on world's most valuable brand list; Microsoft at No. 5
- Former Yahoo CEO Scott Thompson resigns from F5 board
- 350 million Windows 7 devices to be sold this year: Microsoft
- Microsoft rolls out facial recognition for Windows Kinect
Mass High Tech
RNA Networks nails $7 million
Clive Cook
Menlo Ventures has led a $7 million first round funding in RNA networks, a Portland startup developing what it dubs "memory virtualization software." The company -- targeting the financial services, life sciences and oil and gas industries -- says its software uses existing computer hardware to help organizations better utilize resources at data centers.
"Memory virtualization picks up where server and storage virtualization fall short," said CEO of RNA Networks Clive Cook in a statement. Cook previously worked at VeriLAN, Elematics, Nortel Networks and Mercer Management Consulting.
RNA is targeting its products to the financial services industry, helping organizations more quickly conduct trades. The company says that its RNAmessenger has the "lowest latency and highest throughput for electronic trading applications." It also has potential applications for data-intensive industries such as oil and gas; media and entertainment and bioinformatics.
The company's previous investors include Oregon Angel Fund, Divergent Ventures and Reference Capital. It employs 25 people.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
TechFlash Team
Recent Sponsor Posts
Follow, like, and connect to a broader audience for your company!
The Puget Sound Business Journal announces Social Madness: A Corporate Social Media Challenge, presented by Capital One Spark Business. This a local and national challenge that will spotlight the best social media programs of companies in 43 cities. The local challenge begins (following the nomination period) on June 1, 2012. The promotion will culminate in a national bracket challenge that will crown Social Madness champions in 3 categories based on company size. To see the official rules, visit http://www.socialmadness.com/rules.
For more information on how your company can participate, visit the nomination page here. Nominations are due May 15th.
BizDev Seminar Series - Leadership: Rallying People to a Brighter Future
Join us for this one-of-a-kind seminar series where you hear directly from the experts about hot topics to grow your business.
The skills to be effective as a leader can be learned. What are the skills and attributes needed to be effective top leaders? How do you tell what level your people are at, and what development skills each person needs? Workshop attendees will learn the answers to these questions and more.
Tuesday, May 17, 2012
8:30am - 10:30am
The Harbor Club, Seattle
Register here.
