Orange County Business Journal
Orange County Business Journal
Search last 90 days
ARCHIVES SEARCH
SIGN IN
WEB CONNECT
Orange County Business Journal News
Orange County Business Journal
 


Visit our Facebook page
INDUSTRY-SPECIFIC NEWS STORIES:
OCBJ Poll
When should the Federal Reserve raise rates?
Orange County Business Journal news
  Second quarter
  Midyear
  Late 2010
  2011
  Too soon to tell
Orange County Business Journal news
View Results
 
 

Networking Startup Raises First Venture Round

Orange County Business Journal Staff

Newport Beach-based InteliCloud Inc., a startup maker of data networking devices, said Tuesday it closed an initial round of venture funding from Aliso Viejo-based Media One Direct LLC.

InteliCloud Chief Executive Ken Hubbard didn’t disclose the amount of funding, but said it was less than $10 million.

Media One Direct Chief Executive Charles Overton is set to get a seat on InteliCloud’s board.

InteliCloud, which counts half a dozen local workers, makes what it calls a “network in a box.”

“We took four key areas of a network—the processing, storage, communications and management software—and tightly integrated them into a single box,” Hubbard said.

The box saves space and power and allows telecommunication companies and others to serve more customers and get the most out of their networks, he said.

The company works with a U.S.-based contract manufacturer to make and assemble the box.

It plans to use the venture money to expand its sales and marketing team.

InteliCloud plans to hire some 20 workers in the next eight months or so, Hubbard said.

InteliCloud got started in 2007 with a customer win from Vircas LLC, a maker of an online high-definition streaming video player.

It was incorporated in January of last year.

InteliCloud’s target customers include any company that pushes out a lot of voice and video data, including telecoms, cable companies and big makers of online video games.

The company said it's currently running several pilot programs with potential customers.


  Feb. 8-14, 2010
OCBJ News
NEWS OF THE WEEK
This past week’s news from www.ocbj.com and other sources
Spectrum Ends Work on Drug, Gets Payments on Other
Spectrum Pharmaceuticals last month dropped work on a drug as another one brought in some dividends, in the Healthcare column
Browse the complete Table of Contents - stories, charts, and editorial - for the current edition of the Journal

Watch this week's Cable Business Journal Videocast
Listen to this week's OC Insider summary Podcast
Printer-friendly version E-mail to an associate Search Home


   



 
All contents of this site © 2010  Orange County Business Journal Associates. All rights reserved.
Orange County Business Journal, Irvine, CA 92612, USA. | Powered by FLEX360