Pivia picks up $11.1 million
Pivia said Wednesday that it received an $11.1 million second round of funding, led by Thomas Weisel Venture Partners, which will receive a seat on the company's board. Previous investors Sutter Hill Ventures, Draper Richards, Argus Capital and individual investor Thomas Layton participated in the round. Cupertino, Calif.-based Pivia develops software and services designed to minimize the effect of heavy traffic to Web site servers and to allow a site to quickly increase its capacity during seasonal peaks in traffic. The company has raised a total of $16.6 million.
Pivia said Wednesday that it received an $11.1 million second round of funding, led by Thomas Weisel Venture Partners, which will receive a seat on the company's board. Previous investors Sutter Hill Ventures, Draper Richards, Argus Capital and individual investor Thomas Layton participated in the round. Cupertino, Calif.-based Pivia develops software and services designed to minimize the effect of heavy traffic to Web site servers and to allow a site to quickly increase its capacity during seasonal peaks in traffic. The company has raised a total of $16.6 million.