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Astaro Raises $6.7 Million in Second Round Venture Funding; New York-based Insight Venture Partners Team up Again With Munich-based Wellington Partners.

Publication: Business Wire
Publication Date: 17-MAY-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors/High-Tech Writers

BURLINGTON, Mass.--(BUSINESS WIRE)--May 17, 2004

Astaro Corp., developers of the most popular Open Source-based security product, today announced it has raised a Series B round of $6.7 million from co-investors Insight Venture Partners of New York and Wellington Partners of Munich, Germany. The same group of investors co-led the company's Series A round of $6.2 million in May 2003, bringing the total amount raised to date to $12.9 million.

Funding will be used to further accelerate the rapid adoption of Astaro's all-in-one network security solution, which combines rock-solid firewall protection with a VPN...

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