Plato Networks rakes in $7.5M for energy-efficient chips

Plato Networks, maker of chips used to make data centers more energy efficient, brought in $7.5 million of an anticipated $10 million round of preferred stock. Based in Santa Clara, Calif., the company previously raised $20 million in a second round of financing from Crosslink Capital, Granite Ventures and STIC International.

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Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.

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