Chelsio Communications raises $25M for 10Gb ethernet
Chelsio is a Sunnyvale, Calif. company that makes unified wire adapters for 10 gigabit ethernet connections.
Its adapters are capable of replacing other technologies like Fibre Channels and Infiniband, according to the company. Chelsio and other vendors including NetEffect and Woven Systems are pushing to see fast 10GbE technology adopted by datacenters.
The $25 million funding is the company’s fifth. Investor Growth Capital led the round, while New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung Capital Management, Abacus Capital Group, Pacesetter Capital Group and Horizon Ventures all also piled in. In total, the company has raised over $80 million.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.