Xelerated raises $23M for network processor
Xelerated, a Santa Clara, Calif. company that makes a high-speed processor for corporate and metro networks, said it has raised a $23 million round of financing.
The round was led by the Sixth Swedish National Pension Fund (the Sixth AP Fund), and included existing investors Atlas Ventures, Alta Partners, Accel Partners and Amadeus Capital Partners.
Here’s the announcement.
The company has now raised about $80 million since 2000.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












