The Zisapel brothers company has raised $29.3 million to date.
RAD Data Communications Ltd. subsidiary Sanrad Ltd. has raised $3 million in its fourth financing round from its current investors, the Rad Group, owned by Yehuda and Zohar Zisapel; Sequoia Capital; and Foundation Capital.
According to IVC, Sanrad has raised $29.3 million to date, including $10 million in its previous financing round in June 2007. Run by CEO Oded Ilan, the company develops IP-based data management and storage solutions, which are aimed at optimizing disaster recovery programs (DRP). The Tel Aviv-based company has 24 employees.
Published by Globes [online], Israel business news - www.globes-online.com - on January 18, 2010
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