Chelsio, a 10-gigabit Ehternet adapter company, looking for more cash
Chelsio Communications, a Sunnyvale, Calif. company that makes 10-gigabit Ethernet adapters for corporate data centers, has received $7 million in commitments for a fifth round in financing, and hopes to raise $6 million more.
VentureWire (subscription required) reported the story this morning.
Some existing investors have participated so far, the report said, including New Enterprise Associates, Invesco Private Capital, Pacesetter Capital Group, Horizon Ventures, Abacus Capital and LSI.
In addition to Sunnyvale, the company has an office in Bangalore, India.
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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.












