Tech Company Financing Transactions
Verari Systems Funding Round
Ventures West and Celerity Partners joined a $14 million Series A capital raise for Verari Systems. The funding round was announced on 6/2/2003.
Transaction Overview
Company Name
Announced On
6/2/2003
Transaction Type
Venture Equity
Amount
$14,000,000
Round
Series A
Investors
Ventures West (Lead Investor) (William McAleer)
Proceeds Purpose
RackSaver will use the new capital to extend research and development of its Super Compute and Ultra Dense Blade, Rack-mount, and Server Cluster product lines and to further expand sales and marketing globally.
Company Information
Company Status
Acquired or Merged
Industry
Electronics
Mailing Address
9449 Carroll Park Drive
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
Verari Systems, Inc., previously RackSaver, Inc., was a premier developer of powerful, flexible, and scalable platform-independent blade computing systems aimed at performance utility computing for the enterprise data center. In 2010, an investment group led by Verari Systems founder and former CEO David Driggers bought the assets of the troubled systems maker.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Wright
Chief Financial Officer
Chris Witt
Chief Technical Officer
David Driggers
Co-Founder
Victor Hester
Executive Vice President
Dave Anderson
Vice President
Gerald Conboy
Vice President
Brian Koblenz
Vice President
Kevin McGrath
Vice President
Doug O'Shaughnessy
VP - Engineering
Victor Tung
VP - Human Resources
George Purnell
VP - Marketing
Dan Gatti
VP - Operations
Jennifer Herrett-Skjellum
VP - Operations
Jerry Loe
VP - Sales
Paul Mecucci
VP - Sales
Vince Scarpulla
Browse more venture capital transactions:
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