Cavium Networks, a Santa Clara, Ca. company that makes processors for networking, wireless and storage has set its proposed IPO terms to 6.25 million common shares at $10 to $12 per share.

Cavium has raised more than $60 million in financing from firms like Menlo Ventures (owner of 29.98 percent of the company), Alliance Ventures (13.89 percent), Diamondhead Ventures (9.19 percent) and NeoCarta Ventures (5.46%).