Wednesday, April 8, 2009

Teradici Completes $17M Financing

Teradici, a Canadian start-up that is developing chips to deliver a PC-like experience over a network, said it completed a $17 million Series C round of venture funding.
The investors included the venture arm of Telus, as well as Alloy Ventures, GrowthWorks Capital, Skypoint Capital, BDC Venture Capital and Alta Berkeley Venture Partners, Teradici said in a press release. The company said it would use the new funds to continue development of its “PC-over-IP” technology and develop a new offering for consumers and small businesses.

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