Chelsio bags $9.3M for Ethenet unified wire offerings
Chelsio Communications, a company that provides 10-gigabite Ethernet unified wires, has brought in $9.3 million of a targeted $16 million round of venture funding, according to a filing with the SEC. The Sunnyvale, Calif. company did not list its most recent investors, but in the past it’s been backed by Investor Growth Capital, New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung Capital Management, Abacus Capital Group, Pacesetter Capital Group and Horizon Ventures. It… Continue Reading
Canesta scores its 37th U.S. patent for gesture-control technology
Maybe I’m paranoid, but I can smell a legal battle coming in gesture control for TVs, computers, game consoles and other gadgets.
Maybe it’s because Canesta is soon to announce its 37th patent. Normally, that wouldn’t be a big deal, but innovations in user-interfaces are hot right now. Also, user interfaces for smartphones have already sparked legal disputes between Apple and Palm. Basically, Palm is using multi-touch screens — which Apple says it patented — for… Continue Reading
Chelsio Communications raises $25M for 10Gb ethernet
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… Continue Reading
Summit Micro, a chip power management co., raises $10M
Summit Microelectronics, a Sunnyvale, Calif. maker of programmable power management integrated circuits, said it raised $10 million.
Nokia Growth Partners led with $4 million, and was joined by existing investors Norwest Venture Partners, August Capital, Pequot Ventures, Bessemer Venture Partners, Hotung Capital Management and others.
According to the company’s statement:
Mobile phones no longer just make voice calls, but connect to the Internet and act as our mobile camera, music player, navigation device, and even our mobile… Continue Reading