Tech Company Financing Transactions
Verari Systems Funding Round
Celerity Partners, Sierra Ventures and The Carlyle Group participated in a $1.3 million funding round for Verari Systems. The funding round was announced on 6/30/2005.
Transaction Overview
Company Name
Announced On
6/30/2005
Transaction Type
Venture Equity
Amount
$1,288,000
Round
Undisclosed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Electronics
Mailing Address
9449 Carroll Park Drive
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
Verari Systems, Inc., previously RackSaver, Inc., was a premier developer of powerful, flexible, and scalable platform-independent blade computing systems aimed at performance utility computing for the enterprise data center. In 2010, an investment group led by Verari Systems founder and former CEO David Driggers bought the assets of the troubled systems maker.
Management Team
Title
Name
Email & Social
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