New Capital to Support Transition to Large Volume Production Shipments of 10 Gbps TechnologyMountain View, California, October 18, 2004
- Aeluros, a leader in high-performance mixed-signal CMOS solutions, today announced the closing of a $10 million Series B financing round. The round was led by new investor UOB Venture Management (UOBVM), a move that reflects the continued focus by Aeluros on the Pacific rim in recognition of the increasingly large role of the Asian market in the Ethernet and Storage marketplaces. They were joined by both venture investors from the original Series A investment, New Enterprise Associates (NEA) and Worldview Technologies, who have renewed their commitment to Aeluros by participating in the round.
“Aeluros has developed impressive high-speed technology in a low-cost, low-power process and developed that technology into a robust set of initial products,” said Kian Wee Seah, Joint Managing Director and Chief Investment Officer of UOB Venture Management. “This new capital will help propel Aeluros into larger volume manufacturing, and will enable the expansion of their product portfolio in 10 Gigabit Ethernet and 10 Gigabit Fibre Channel applications.”
Aeluros has brought to market the first two devices in a family of silicon products for the 10 Gbps datacom and storage markets, providing industry-leading power and cost characteristics at exceptional performance levels to optical module manufacturers and system integrators. By breaking through the 1 Watt barrier and driving down the cost of silicon content, Aeluros serves as a catalyst for rapid growth in the 10 Gigabit Ethernet and 10 Gigabit Fibre Channel markets. An extended portfolio of upcoming devices will further expose these benefits to new segments of the 10 Gbps industry.
Aeluros has supplemented this activity with a thriving licensing and consulting business, driven by the release of three Intellectual Property (IP) cores for the computing, communications, and storage marketplaces. These products, addressing SATA, PCI Express and XAUI physical layer needs at data rates of 2.5 to 3.125 Gbps, have enabled increased integration levels on the part of several major semiconductor suppliers.About UOB Venture Management
UOB Venture Management Private Limited (UOBVM) is a wholly owned subsidiary of United Overseas Bank Limited, one of Asia's leading international banking and financial groups. UOBVM manages a family of venture capital funds, providing financing to unlisted companies through direct equity investment. Its venture capital investment activities span Asia Pacific and the United States of America.About New Enterprise Associates
New Enterprise Associates (NEA) is a leading venture capital firm investing in information technology and healthcare companies. Practicing classic venture capital for over 25 years, NEA focuses on early stage investments, playing an active role in assisting management to build companies of lasting value. With $5 billion under management, NEA’s experienced management team has invested in over 500 companies, of which more than 135 have gone public and more than 150 have been acquired. NEA has offices in Reston, Va., Menlo Park, Calif., and Baltimore, Md.About Worldview Technology Partners
Worldview Technology Ventures (Palo Alto, CA) is a leading venture capital firm focused on investing in and building leading U.S. technology companies to succeed in U.S. and international markets. Worldview has over $1.3 billion under management, with offices in the U.S., Europe, Japan and Asia, and its partners' investments have led to 25 initial public offerings and more than 10 successful acquisitions. Its portfolio of successful companies include AFC, Ciena, Corvis, Cyras, DigitalThink, MMC, NVIDIA, Redstone, Silicon Spice, Simplex Solutions, Tellium, Tivoli and WFI.About Aeluros
Aeluros, Inc. is a fabless semiconductor company innovating serial, high-performance, high-density physical layer (PHY) solutions in mainstream CMOS technology. Led by a technical and business management team with a unique understanding of the intricacies involved in building highly integrated 10 Gbps systems, Aeluros has successfully delivered to the communications and computing markets a series of analog-intensive IC devices and IP cores demonstrating distinct advantages in density, power, performance and cost. For more information about Aeluros, please visit the company’s web site at www.aeluros.com