Packet Systems News

Topspin Secures $30 Million for its Data Center Virtualization

Topspin Communications, a startup based in Palo Alto, California, raised $30 Million in second round funding for its development of products for the enterprise data center. The company is working on virtualization tools that allow pools of I/O, storage and processing resources to be shared across applications. Topspin believes the next phase of virtualization requires a unifying virtualization fabric that can seamlessly converge storage, CPU and I/O resources across their underlying Ethernet, Fibre Channel, and InfiniBand networks. The company's first products began customer trials in May. Products have not yet been publicly announced. The new funding was led by Advent International and included existing investors Accel Partners and Redpoint Ventures, along with new investors, Duff Ackerman & Goodrich, and Presidio Venture Partners. To date, Topspin has secured $47.5 million in venture capital.

http://www.topspin.com
17-Jul-02

Topspin was founded by Ross Schibler and Keith Wilkinson. Schibler was a founder of Rapid City Communications (acquired by Bay Networks). Wilkinson previously was Chief Architect for Lucent's Stinger DSLAM program. The company is headed by Krish Ramakrishnan, who joined Topspin from Cisco Systems where he was VP and General Manager of the Content Business Unit, responsible for Cisco's load balancing, caching, and content delivery solutions.

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