Canara Secures Additional Funding From Columbia Capital
The funding strengthens Canara’s position in the data center industry.
Canara has raised $4.25 million of new equity funding to support the company’s continued growth. The new round, provided by Columbia Capital, the Company’s lead investor, will enable Canara to strengthen its market leadership position and implement the strategic plan being led by new CEO Tom Mertz.
“This funding gives Canara a solid financial foundation to support our strategic plan, which includes aggressive growth objectives for sales as well as initiatives to strengthen relationships with partners while enhancing our product offering,” said Tom Mertz, CEO of Canara. “This is a major expansion of Columbia Capital’s investment in Canara, which is a great vote of support for our growth plan and a reflection of how bullish Columbia is about the growing market for predictive data center analytics.”