CIMware raises $2.3 m in round led by Transition VC

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Here’s the requested information about CIMware:

  • Startup: CIMware
  • Founders: Rajiv Ganth
  • Funding Amount: $2.3 million
  • Funds/Investors: Transition VC
  • Fundraise Series: Maiden Institutional Funding Round
  • Date of Fundraise: Exact date not specified, but it is noted that CIMware started in 2022.

Additional Context

  • Industry: Data Centre Infrastructure
  • Purpose of Funds:
    • Create a commercially viable networking smart switch
    • Hire a software team
    • Cover operating expenses
  • Technology: Composable infrastructure switch that increases data centre capacity and capability using memory-based connection technology.
  • Sales Focus: Direct sales in India and the US, targeting AI-focused data centres, telecom networks, and enterprise cloud systems.
  • Revenue Target: $175 million by 2026–27.

This summary captures the essential details about CIMware’s recent fundraising and plans.

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2032-08-25 04:38:21