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Posts Tagged ‘co:Force10-Networks’

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….

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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 is valued at $455 million after this investment. Force10 has raised at least $328 million in total VC funding, and perhaps more. The details are sketchy, but it is another one of these dollar-monster start-ups backed by New Enterprise Associates (we will provide more perspective on this theme shortly).

Groxis, the SF developer of a funky visual search technology that presents results in sphere-like categories, has raised $4 million more. We’ve mentioned this company several times, but haven’t heard much from it — perhaps because it is focused on sales to companies, as opposed to consumers (though it did break down its subcription wall for a limited free version). This is its second round of funding. Return backer Draper Fisher Jurvetson led the deal, and was joined by Jackson Boulevard Capital Management.
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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, [...]

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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 [...]

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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 [...]

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