Xelerated raises $23M for network processor
Xelerated, a Santa Clara, Calif. company that makes a high-speed processor for corporate and metro networks, said it has raised a $23 million round of financing.
The round was led by the Sixth Swedish National Pension Fund (the Sixth AP Fund), and included existing investors Atlas Ventures, Alta Partners, Accel Partners and Amadeus Capital Partners.
Here’s the announcement.
The company has now raised about $80 million since 2000.
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