MENU

Networking startup raises $77 million

Networking startup raises $77 million

Business news |
By Peter Clarke



This brings the amount raised by the company to more than $160 million since it was founded in December 2014. The latest round included investment from venture capital firms Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital and Qualcomm Ventures.

The company said the money would be used for the production of Innovium’s Teralynx 12.8Tbps and 6.4Tbps switching ICs, along with market expansion and product roadmap innovation.

“Walden investment funds are excited to support Innovium during its next phase, as Teralynx gets volume deployed at several industry leading customers,” said Lip-Bu Tan, chairman of Walden International, in a statement issued by Innovium.

Related links and articles:

www.innovium.com

News articles:

Startup settles with Broadcom, raises $50 million

Qualcomm-backed startup announces AI processor family

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News

Share:

Linked Articles
10s