Tuesday, May 31, 2016

Innovium Announces Investors and $50M Raised to Date

Innovium, a pre-launch start-up based in San Jose, announced that it has raised over $50 million in funding across two oversubscribed rounds.

Innovium is developing networking infrastructure products for next-generation data centers. Product plans have not been disclosed.

Innovium's Series A funding in the first quarter of 2015 was led by venture capital firms Walden Riverwood Ventures and Capricorn Investment Group, with participation from S-Cubed Capital and Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures. Series B funding later in 2015 was led by Greylock Partners with participation from all existing investors. Concurrent with the funding rounds, Asheem Chandna of Greylock, Dipender Saluja of Capricorn, Lip-Bu Tan of Walden International, and Mark Stevens of S-Cubed joined Innovium’s board of directors.

http://www.innovium.com/


  • Earlier this year, Innovium announced the settlement of a lawsuit with Broadcom.
  • Innovium was founded by Rajiv Khemani (previously Cavium), Puneet Agarwal (previously Broadcom), and Mohammad Issa (previously Broadcom).


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