September 27, 2001 11:30 AM PDT
Pirus Networks scores $9.5 million
Pirus Networks has raised $9.5 million from JAFCO Ventures as part of its second round. The funding adds to the $40 million the company has raised in the round. Acton, Mass.-based Pirus Networks has raised a total of $55 million. Pirus is developing hardware to create Internet Protocol storage networking systems. The company's new Storage Utility Switch is designed to reduce storage costs and streamline data management.