Complex sentence: RedSeal was founded in 2004 under the name RedSeal Systems and then relaunched in 2015 with a new CEO, Ray Rothrock, and $17 million dollars in Series C funding.
Split into simpler sentences: RedSeal was founded in 2004 under the name RedSeal Systems. The company was later relaunched as RedSeal Inc. in 2015 with a new CEO, Ray Rothrock, and $17 million dollars in Series C funding.