Plato Networks rakes in $7.5M for energy-efficient chips
Plato Networks, maker of chips used to make data centers more energy efficient, brought in $7.5 million of an anticipated $10 million round of preferred stock. Based in Santa Clara, Calif., the company previously raised $20 million in a second round of financing from Crosslink Capital, Granite Ventures and STIC International.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.