Funding
CIMware raises $2.3 m in round led by Transition VC
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CIMware, a data centre infrastructure startup, has raised $2.3 million in its maiden institutional funding round led by Transition VC.
The funds will be used “to create a commercially viable networking smart switch (hardware production)”, to hire a software team, and cover operating expenses, CIMware founder and chief executive Rajiv Ganth said.
The proposed smart switch will increase a data centre’s “capacity and capability by four to eight times, using our memory-based connection technology,” he told ET.
Started in 2022, Bengaluru-based…
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