RNA Networks Launches With $7M In Series A Funding

RNA networks today announced the launch of its company and $7M in Series A funding led by Menlo Ventures.

Memory virtualization transparently enables high-performance computing in the enterprise from commodity hardware. RNA networks’ software improves utilization of existing data center resources, and provides an alternative to data center investments aimed at addressing the limitations of memory availability. By leveraging existing hardware, RNA brings tremendous business benefits to the enterprise including cost savings through consolidation and increased utilization. Equally compelling are the increased top line results of the businesses that utilize memory virtualization. All of this is accomplished with no changes to the IT infrastructure.

RNA networks also announced a U.S.-based, global multi-billion dollar hedge fund as a first customer of its RNAmessenger product. RNAmessenger is targeted at high-volume, low latency messaging or any business critical environment that demands superior transaction processing. Algorithmic trading, content delivery and on-line gaming are arenas that gain immediate benefit.

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I'm a blogger, entrepreneur, conference organizer, social media consultant, startup advisor and allround web addict, based in Belgium, Europe. I'm a writer at TechCrunch and managing editor of Virtualization.com.

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