Thursday, April 18, 2013

Netronome Raises $19 Million for Flow Processors


Netronome raised $19 million in Series E funding for its flow processors designed for cyber-security, software-defined networking and mobile networking applications.

Netronome said it will use the funds to expand its software and customer engineering organizations. The company cited new wins based on its recently disclosed next-generation flow processor line, the NFP-6xxx, being built using Intel’s state-of-the-art 22nm 3D tri-gate technology.

The funding came from Sourcefire, Intel Capital and existing investors DFJ Esprit and the Raptor Group.

“The customer demand following the disclosure of our newest sixth generation 200 Gbps flow processors has been larger than even we anticipated,” said Howard Bubb, CEO at Netronome. “We welcome the investment by Sourcefire and strategic engagement by Intel as they represent valuable relationships to Netronome at both ends of our business.”

http://www.netronome.com

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