Xelerated raises $13 million for fast networking chips
Xelerated, a maker of networking chip sets for carriers, has raised a $13 million round from its existing investors.
Sixth Swedish National Pension Fund led the round. Others included Accel Partners, Alta Partners, Amadeus Capital Partners and Atlas Ventures.
The company said in a news release that proceeds of the round will be used to develop its network processors and Ethernet switching chips. It will also expand sales and support overseas. The company’s chips are application-specific standard… Continue Reading
Plastic Logic sees flexible, low-power displays coming with $50M funding
Thin, flexible display tech is one of those advances that has been just over the horizon since the Internet bubble started inflating. Remember the promises of e-paper — a crossbreed with the best qualities of both paper and computer screens, used as portable reading material? So far the best we’ve gotten is the Amazon Kindle, but Plastic Logic is hoping to change that, with a plan for commercialization next year.
Plastic Logic, spun off from Cambridge… Continue Reading
GreenRoad Technologies raises $3M for fuel economy and driver safety technology
GreenRoad Technologies, a Redwood Shores, Calif.-based firm with offices in Israel and London, has added another $3 million in funding to its $14.5 million third round, courtesy of Amadeus Capital Partners. The European VC joins previous investors Virgin Green Fund, Benchmark Capital and Balderton Capital.
The company, which provides in-vehicle sensors and web-based services aimed at reducing crashes and improving fuel economy, will use the proceeds to expand its sales and marketing operations and R&D efforts…. Continue Reading
ForeScout Technologies raises $8M for network policy management
ForeScout Technologies, a firm that makes a security platform combining clientless network access control (NAC) and intrusion prevention, has raised $8 million from previous investors.
ForeScout’s CounterACT appliance works without software installation by individual devices on a network, thus attempting to remain invisible to users.
NAC has been gaining favor in corporate IT departments, and ForeScout has been on top of the wave; according to the company, it grew 80 percent last year.
The funding was provided… Continue Reading
Solarflare raises $26 million for networking chips
You can blame the popularity of YouTube for the success of Solarflare Communications. Because demand for internet video keeps on growing, the need for infrastructure to handle the growth is also on the rise.
Solarflare Communications has raised $26 million in venture capital for its high-speed networking chip business as part of an effort to create more energy-efficient data centers.
The Irvine, Calif.-based company is creating 10GBASE-T chips, which can transfer data at 10 gigabits a second… Continue Reading
ForeScout Technologies, for network access control, raises additional $4.38M
ForeScout Technologies, based in Cupertino, Calif., offers network access control products for IT administrators that allow granularized control of visitors accessing a network.
Like another startup we’ve reported on, ConSentry Networks, ForeScout is working on taking market share away from large incumbent providers like Cisco with its own more specialized offerings.
The funding is an addition to a $10 million fourth round that the company raised in 2005. The filing was reported by peHUB. Investors include Accel… Continue Reading
Xelerated raises $23M for network processor
Xelerated, a Santa Clara, Calif. company that makes a high-speed processor for corporate and metro networks, said it has raised a $23 million round of financing.
The round was led by the Sixth Swedish National Pension Fund (the Sixth AP Fund), and included existing investors Atlas Ventures, Alta Partners, Accel Partners and Amadeus Capital Partners.
Here’s the announcement.
The company has now raised about $80 million since 2000.
Update: ForeScout (does not) get $11.25M more for network access security technology
(Update: The company says its most recent funding, totaling $10 million, its fourth round, took place in 2005, and said no recent investment has been made. We don’t know why PEWeek reported this. Correction is made below. Original story written April 5, 2007. Also, the company said the mascot carried in the Network World article was never its its logo, and has no idea where the publication got it. VentureBeat was wrong to assume it… Continue Reading
Ultrawideband player Artimi raises $26.5 million
Artimi has just secured raised $26.5 million in funding– a significant amount of cash for a company active in the ultrawideband/wireless USB area.
It is early days for this technology and so there is a race on to be first to market.
UltrawideBand can transmit up to a whopping 500 megabits of data a second — roughly 10 times today’s Wi-Fi speeds. One player, Tzero recently raised $16.5 million and then recently $22 million more. However,… Continue Reading