A group of investors that includes the CEOs of Hotmail and PayPal is backing a new Internet-messaging company that says it can speed up the transmission of messages.
IronPort Systems on Tuesday announced that it has raised $3.9 million in financing. Investors include Hotmail CEO Sabeer Bhatia, Hotmail chief technology officer Jack Smith, PayPal CEO Peter Thiel, and former Whistel Communications CEO and Brocade director John Hamm.
The company has not released details about its products, except to say that it will launch an e-mail gateway in the spring of 2002. But founder Scott Banister does claim in a release that AsyncOS "can process messages 1,000 percent more efficiently" than traditional systems. --Margaret Kane, Special to ZDNet News