Tuesday, May 4, 2010

Netronome Secures $23 Million for Network Flow Processing

Netronome has closed a $23 million Series D round of funding for its network flow processors.


Netronome supplies Network Flow Processors that are designed for tight coupling with embedded multicore Intel and x86 processors. This accelerates network, security and content processing platforms used in 40 Gbps and 100 Gbps networks. It is the only line of processors backward compatible with the market‐leading Intel IXP28XX.


Netronome recently announced it began shipping its new flagship product, the NFP-3240, to customers in late 2009. Customer design wins include shared service blades in switches and routers, 3G and LTE wireless infrastructure, security appliances and virtualized servers. The products resulting from these top-tier network equipment OEM partnerships will reach production in the second half of 2010.


The company said it has seen a five-fold increase in annual revenue and five consecutive quarters with record sales.


The oversubscribed round was led by new investor DFJ Esprit, and included previous investors Raptor Group, Tudor Ventures and Top Technology. The round also included investment from industry luminaries - FORE Systems founders Robert Sansom and Eric Cooper, and Analysys founder David Cleevely.


"Many customers share our vision for intelligent and secure networking platforms based on x86 processors. More importantly they recognize that network flow processors are the key component in scaling these designs," said Niel Viljoen, founder and CEO of Netronome. "This funding will allow us to successfully manage our growth by providing the additional sales support, design assistance and manufacturing supply required by our increasing number of design wins."http://www.netronome.com

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