# Network Engines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/network-engines

- Industry: Software
- Headquarters: Canton, US
- Website: www.networkengines.com
- Total disclosed funding: $8.3M
- Latest round: Series B (May 10, 1999)
- Investors on record: 4

## About

Network Engines specializes in providing application platforms and appliances that enhance deployment efficiency and reduce time to market for various sectors.Founded in 1989 and headquartered in Canton, US, Network Engines focuses on developing technology solutions for diverse industries. The company went public in July 2000, raising USD 110 mn in its IPO by selling 6 million shares at USD 17 each. Greg Shortell, Tom LaBissoniere, Tom Zickell, and Willie Lee serve as the company's leadership team.Network Engines delivers purpose-built application platforms and appliances tailored for sectors like edge computing, AI, and data centers. Their core offerings include OEM services that encompass design, integration, global logistics, and compliance, ensuring high reliability and adherence to ISO standards across various global markets.For the most recent financial year, Network Engines reported a revenue of USD 272.47 mn and an EBITDA of USD 8.72 mn, indicating a solid financial standing from their B2B transactions and strategic partnerships.The company is focusing on launching new products designed for advanced AI infrastructure solutions by the end of 2022. Network Engines aims to expand into the Asia-Pacific and European markets, with specific plans to enhance its presence in these regions by 2023. The funds raised through the IPO are expected to support these initiatives and bolster their development capabilities.

## Funding rounds

- Series B, May 10, 1999, $8.3M — Ascent Venture Partners, Egan Managed Capital, Memorial Drive Trust Advisers, Corning Capital

## Investors

- Ascent Venture Partners (https://capitalatlas.ai/funds/ascent-venture-partners) — Series B
- Egan Managed Capital (https://capitalatlas.ai/funds/egan-managed-capital) — Series B
- Memorial Drive Trust Advisers (https://capitalatlas.ai/funds/memorial-drive-trust-advisers) — Series B
- Corning Capital — Series B