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.

Tech Industry

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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