Square 1 Bank Provides $7.5M Loan to Talari Network
Douglas Bowers, CEO of Square 1 Bank
Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced it has provided a $7.5 million growth capital facility to San Jose-based Talari Networks. Proceeds from the facility will supplement working capital for the company.
Talari Networks is a leading innovator in network reliability and business continuity solutions. Backed by top tier investors at Menlo Ventures, Silver Creek Ventures and Four Rivers Group, Talari’s patented Adaptive Private Networking (APN) overlay technology enables high-bandwidth, low-cost, enterprise quality WANs for business and government customers.
“Talari is an up-and-coming player in the WAN enhancement space that has recently gained traction with a number of high-profile customers,” said Andy Weyer, vice president in Square 1 Bank’s technology group. “We are very pleased to partner with the team and help fuel growth in 2013 and beyond.”
Betsy Kais, Director of Finance at Talari Networks, added, “We’re excited about our new partnership with Square 1 Bank. Andy and the Square 1 team truly understood our business and provided us with the structural flexibility and optimal availability we needed. With the new facility, we plan to grow and further expand our innovative APN technology.”
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients’ needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.
About Talari Networks, Inc.
Talari Networks is improving WAN reliability, capacity and affordability to enable a network that supports the growing demands of mission critical applications. By aggregating multiple diverse networks into a virtual WAN and continuously adapting traffic based on the availability and real-time quality of the network paths, Talari ensures applications that rely on a WAN are not affected by underlying network issues. Talari’s patented technology delivers significant cost savings over single-provider networks while also increasing reliability and quality. Talari has received numerous industry awards, including Best of Interop–Performance Optimization, Techworld Awards–Networking Application Product of the Year; and named Garter Cool Vendor, CRN 2013 Emerging Vendors and CRN Data Center 100 List. For more information, visit www.talari.com.