Force10 lands $30M for networking hardware
Force10 Networks, developer of 10-gigabit networking hardware, has raised $30 million in equity, according to regulatory filings. The San Jose, Calif. company previously raised $125 million in its last, sixth round of funding in 2007. Past backers include Advanced Equities, Crosslink Capital, Meritech Investment Partners, Morgenthaler Ventures, U.S. Venture Partners, Worldview Technology Partners and New Enterprise Associates.
Force10 provides routers and switches to web-based giants like Facebook and eHarmony to help them manage large volumes of… Continue Reading
Force10 and Turin merge, pool their capital and clients
Network builder Force10 Networks has merged with Ethernet services provider Turin Networks to create a powerhouse in both spaces, with an impressive list of clients, numbering 1,300 (including eHarmony and Facebook), reports peHUB. More significant than that is the marrying of two significant pots of venture capital. Since their nearly simultaneous founding a decade ago, Force10 has raised $400 million, and Turin $250 million.
Combined under the Force10 name, the new entity, based in San Jose,… Continue Reading
Force10 rolls out virtualization products
Force10 Networks, a developer of 10-gigabit networking hardware, will be launching a new line of products over the next half year to help companies set up automated and virtual networks. Currently, it provides routers and switches to web companies like Facebook and eHarmony, to help them manage large amounts of data over their local networks, reports VentureWire.
In this pursuit, Force10 faces a full field of competition including Woven Systems, Foundry Networks, Cisco Systems and Juniper… Continue Reading
Delayed, Force10 Networks raises $50 million more
Force10 Networks, the San Jose maker of high-end 10 Gigabit switch and router equipment, has raised another $50 million more in a fifth round of funding, according to VentureWire (sub required).
It follows a year where most industry watchers had expected Force10 to go public (see our earlier converage here). It has now raised more than $350 million, and now speculation is that the company will go public this year instead.
Investors in the company include Crosslink… Continue Reading
OQO appoints new VP’s of marketing and sales
San Francisco’s OQO, maker of the small, mobile Windows XP computer device, has made too personnel announcements:
It has named Bob Rosin as the senior vice president of marketing and alliances, and Fred Bowes as the vice president of worldwide sales.
Rosin joined OQO in 2002 as senior vice president of business development and has played various integral roles managing sales, business development, venture fund raising, and corporate development. In his new position, Rosin will lead… Continue Reading
Valley VCs are on fire: Lots of deals, including bloated Force10, PlayPhone & Groxis…
Folks, here’s a quick summary of the numerous deals going down. We’ve been posting slower than usual lately; we’re doing maintenance. Back to full speed shortly….
Force10 Networks, the San Jose provider of latest-generation network and switching gear, has raised $50 million. Remember, this is the company that is pitching carriers on its 10-gigabit ethernet gear, and signaled beginning last year that it was thinking of going public this year. Light Reading now says the company… Continue Reading