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Ejasent snags $15 million

Ejasent said Tuesday that it has received $15 million in a third round of funding. Previous investors Crescendo Ventures, Technology Crossover Ventures, Red Rock Ventures and Crystal Internet Ventures participated in the round. Mountain View, Calif.-based Ejasent offers a pay-as-you-use service in which companies can receive on-demand computer processing power for their applications. The company also sells this technology to companies that want to use it for their own networks. Ejasent has raised more than $35 million and has received about a 30 percent decline in valuation with the latest round, a company representative said. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Ejasent said Tuesday that it has received $15 million in a third round of funding. Previous investors Crescendo Ventures, Technology Crossover Ventures, Red Rock Ventures and Crystal Internet Ventures participated in the round. Mountain View, Calif.-based Ejasent offers a pay-as-you-use service in which companies can receive on-demand computer processing power for their applications. The company also sells this technology to companies that want to use it for their own networks. Ejasent has raised more than $35 million and has received about a 30 percent decline in valuation with the latest round, a company representative said.

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