StageAcquired | Acquired
Neterion is a technology and gadget magazine. It offers provides software products and services such as multifunction and single root I/O virtualization (SR-IOV) compliant 10-gigabit ethernet products that enable virtual guest environments to run internet small computer system Interface (iSCSI) at or near 10-gigabit ethernet line rates. The company was founded in 2001 and is based in Cupertino, California. In January 2023, Neterion was acquired by Avdhesh Palawat. The terms of the transaction were not disclosed.
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Latest Neterion News
Jan 20, 2023
News Provided By Share This Article Neterion 10gb ethernet provider After 2 year of negotiations and Hard fought deal Avdhesh Palawat established neterion NPO technology magazine. NEW YORK CITY, NY, UNITED STATES, January 20, 2023 / EINPresswire.com / -- Day before Yesterday on 18 January Canadian news agency The Chronicle herald cole up with news that Neterion group finally agreed to sign the deal with Avdhesh Palawat . The took place after long awaited negotiations between both the parties but in the end Neterion group finally agreed to a proposal offered by Avdhesh. The real amount of this transaction is not disclosed yet. Palawat said that technology press Magzine and media organisations are buried under the affiliate market and real infoof features of product launch is hidden by tech media by the weight of affiliate earning. He said that he going to launch independent NPO technology magazine under the neterion group without affiliate marketing coalition. This gadget launch magazine will include most of the negatives if launching product. Neterion was first company to launch 10gb ethernet provider service and it done very well in initial years but shown no progress in last decade. Due to decreasing share value owner of the company are already thinking about selling the entire company but the are awaiting a great proposal and finally they got that. Neterion Inc. provides software products and services. The Company offers multifunction and single root I/O virtualization (SR-IOV) compliant 10 gigabit ethernet products that enables virtual guest environments to run internet small computer system Interface (iSCSI) at or near 10 gigabit ethernet line rates. Neterion raised a $1,820,000 series E round from Icon Ventures, Menlo Ventures and Mezzanine Capital Partners in 2018. Now when it is in the hand of a journalist. Avdhesh Palawat said that he is looking to release a technology magazine under the neterion group with the name of Neterion tech Magazine. Yet he is not cleared actually when these changes are going to be implemented. He also added that company is looking to expand its capacity to domain names and hosting and hdd services. He said lack of renovation in company products and services made company downfall. Addy singh
Neterion Frequently Asked Questions (FAQ)
When was Neterion founded?
Neterion was founded in 2001.
Where is Neterion's headquarters?
Neterion's headquarters is located at 20230 Stevens Creek Boulevard, Cupertino.
What is Neterion's latest funding round?
Neterion's latest funding round is Acquired.
How much did Neterion raise?
Neterion raised a total of $48.16M.
Who are the investors of Neterion?
Investors of Neterion include Avdhesh Palawat, Menlo Ventures, VenGrowth Capital Partners, Icon Ventures, BDC Venture Capital and 3 more.
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