Mohr Davidow Ventures led the deal, which included previous investors Goldman Sachs and Palomar Ventures. Woven Systems has now raised a total of $35 million in funding.
Woven will use the new capital to expand its sales and go-to-market initiatives for its EFX 1000 Ethernet Fabric Switch which has successfully completed customer trials and is now in production. The switch is the industry’s highest capacity 10 GE switch supporting 144 non-blocking ports in an efficient 10-rack unit chassis at a fraction of the cost and power consumption of similar solutions. The EFX 1000 overcomes capacity and performance limitations of traditional Ethernet switches to deliver resilient, multi-path fabrics scaling to over 4000 10 GE edge ports.
A recently published report from the Dell’Oro Group estimates that the 10 GE switch market is on the precipice of significant growth, increasing from $1 billion in 2006 to nearly $5 billion in 2011, and will be initially driven by data center aggregation switching and later by direct 10 GE connections to the server.