Chelsio, a 10-gigabit Ehternet adapter company, looking for more cash
Chelsio Communications, a Sunnyvale, Calif. company that makes 10-gigabit Ethernet adapters for corporate data centers, has received $7 million in commitments for a fifth round in financing, and hopes to raise $6 million more.
VentureWire (subscription required) reported the story this morning.
Some existing investors have participated so far, the report said, including New Enterprise Associates, Invesco Private Capital, Pacesetter Capital Group, Horizon Ventures, Abacus Capital and LSI.
In addition to Sunnyvale, the company has an office in Bangalore, India.
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