Intransa, an IP storage solutions provider, has received new funding from Rho Ventures, a division of Rho Capital Partners. The most recent round raised a total of $15 million since the beginning of 2008 to ramp up sales, marketing and development efforts.
“Intransa has demonstrated leadership in bringing the benefits of IP storage to video surveillance,” says Paul Bartlett, a partner at Rho Ventures and the newest member of the Intransa Board of Directors. “We are very excited by the opportunity to participate in the proven leader of scalable IP video storage for physical security and the company’s many potential growth applications.”
Rho Ventures joins other Intransa investors Entrepia Ventures, Guggenheim Venture Partners, Menlo Ventures and U.S. Venture Partners.
“I am extremely happy to have Paul and Rho Ventures join Intransa at this critical time,” says Bud Broomhead, CEO, Intransa. “While the economy is uncertain, the need to upgrade existing CCTV infrastructure affordably and risk-free will be more important than ever.”
