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
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
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
Chelsio, a 10-gigabit Ehternet adapter company, looking for more cash
Chelsio Communications, a Sunnyvale, Calif. company that makes 10-gigabit Ethernet adapters for corporate data centers, has received $7 million in commitments for a fifth round in financing, and hopes to raise $6 million more.
VentureWire (subscription required) reported the story this morning.
Some existing investors have participated so far, the report said, including New Enterprise Associates, Invesco Private Capital, Pacesetter Capital Group, Horizon Ventures, Abacus Capital and LSI.
In addition to Sunnyvale, the company has an office in… Continue Reading