Imperial Technology announced Monday that it has completed its second round of financing, bringing the company's total funding to $11 million. Celerity Partners led the round, along with GMG Capital Partners. Imperial makes hard-disk components for computer data storage components installed in gear made by companies such as Sun Microsystems, Hewlett-Packard, Compaq Computer and IBM.
The El Segundo, Calif.-based company will first use the funding to get its SAN (storage area network) product ready for shipment in the next 60 days. SANs are expensive, high-performance networks that connect servers and storage systems that allow several servers to share a remote storage system. The company will use the cash to hire new employees, fund research and development, and invest in strategic ventures.