Plato Networks, a Santa Clara, Calif. fabless semiconductor company specializing in communications IC's for the energy-efficient datacenter, said it has raised a $20 million second round of funding. The investment was led by Granite Ventures, who was joined by STIC International and founding investor Crosslink Capital, according to a press release.
Plato Networks will use the $20 million in new funding to accelerate development of low-power 10Gbps Ethernet products.