FastSoft Scores $4M

Monrovia-based FastSoft, a Caltech spinoff developing Internet traffic acceleration technology, announced today that it has raised $4M in a venture capital round from Miramar Venture Partners. The firm said the Series A funding will go towards accelerating sales and marketing and further product development. FastSoft is commercializing TCP/IP software algorithms that dramatically accelerate transfer of files and data over the Internet. The company's FastTCP technology is based on research out of the California Institute of Technology's Networking Laboratory. More information »