Friday, May 21, 2010

Virtela Connects With $5.1M

Greenwood Village-based Virtela, a provider of virtual private network (VPN) services, has raised $5.13M in an ongoing, $6.3M funding round, according to regulatory filings by the firm this week. Source of the new funding was not disclosed, however, representatives from Norwest Venture Partners, Palomar Ventures, and New Enterprise Associates continue to be listed on the firm's board of directors. Virtela serves enterprise customers such as FedEx, Allstate, Kraft, Delta, UPS, Merrill Lynch, and other by connecting their remote users into those companies' networks. More information »