Deals

Chelsio Communications raises $25M for 10Gb ethernet

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Chelsio is a Sunnyvale, Calif. company that makes unified wire adapters for 10 gigabit ethernet connections.

Its adapters are capable of replacing other technologies like Fibre Channels and Infiniband, according to the company. Chelsio and other vendors including NetEffect and Woven Systems are pushing to see fast 10GbE technology adopted by datacenters.

The $25 million funding is the company’s fifth. Investor Growth Capital led the round, while New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung Capital Management, Abacus Capital Group, Pacesetter Capital Group and Horizon Ventures all also piled in. In total, the company has raised over $80 million.


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