1-112Gbps Medium Reach (MR) and Very Short Reach (VSR) SerDes
Innovium Closes $77M in Series D Funding to Drive Commercial Volume Ramps and Innovative Product Roadmaps
San Jose, CA – April 25, 2018 – Innovium, Inc. a leading provider of networking solutions for data centers, announced $77 Million in Series D funding today. The new round, which brings Innovium’s total financing since inception to over $160M 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 new funding will be used to drive production and ramp of Innovium’s TERALYNX™ 12.8Tbps and 6.4Tbps data-center optimized switch family, along with market expansion and product roadmap innovation.
“Data center networks are experiencing dramatic traffic growth and face new requirements, driven by public and hybrid cloud, machine learning, analytics, storage and video. Innovium’s grounds-up innovations have enabled a revolutionary platform for a family of products, delivering the industry’s next generation of performance, programmability, cost/bit and robust features. We are excited to significantly increase our investment in Innovium, to help the company accelerate its production, roadmap, and go-to-market efforts,” said Asheem Chandna, Partner at Greylock Partners.
“I am thrilled to see the vision of data center optimized networking come to fruition with the market-leading performance and capabilities of Innovium’s TERALYNX sampling silicon. The Innovium team has executed relentlessly to deliver a differentiated, power-efficient solution which is seeing excellent market traction. 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.
About Innovium
Innovium is a provider of high performance, innovative switching silicon solutions for data centers. Innovium TERALYNX family delivers software compatible products ranging from 3.2Tbps to 12.8Tbps with unmatched power efficiency, radix, programmability, buffers and low latency. Innovium team members have a highly successful track record in delivering several generations of widely deployed data center products. The company is headquartered in Silicon Valley, California and is backed by leading venture capital firms including Greylock Partners, Walden Riverwood, Capricorn Investment Group, Qualcomm Ventures, S-Cubed Capital and Redline Capital. For more information, please visit: http://www.innovium.com
|
Related News
- Crossbar Closes Series D Funding of $35 Million
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
- Eliyan Closes $40M Series A Funding Round and Unveils Industry's Highest Performance Chiplet Interconnect Technologies
- Kandou Closes $75 Million in Series D Funding
- Blaize, leading AI Solution for Edge Computing, Announces $71M Series D Financing to Further Accelerate Growth
Breaking News
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
- Controversial former Arm China CEO founds RISC-V chip startup
- Fundamental Inventions Enable the Best PPA and Most Portable eFPGA/DSP/SDR/AI IP for Adaptable SoCs
- Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
- Numem at the Design & Reuse IP SoC Silicon Valley 2024
Most Popular
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Qualitas Semiconductor Appoints HSRP as its Distributor for the China Markets
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process
E-mail This Article | Printer-Friendly Page |