Infineta Systems Raises $15M, But the Hard Part is Finding People to Hire
On Monday, San Jose, Calif.-based Infineta Systems came out of stealth mode to announce that it has raised $15 million in its first round of institutional venture capital. That amount of cheddar can support a lot of growth. Last week, I met co-founder and CEO Raj Kanaya, who said that the funding will help boost its sales and marketing team in advance of a product roll out later this year. The company currently employs 20, most of who are focused on product development. He said among the challenges he faces in running a startup is finding and recruiting the best talent available. “We have to complete against Facebook, AdMob and other new, large companies that pay well,” Kanaya says. “Our employees know that they may have left some initial cash on the table, but it matters to our engineers that they’re working on something important that’s going to make a huge difference in relieving Internet data center traffic.”
