Sunday, February 6, 2005

Chelsio's 2nd Gen 10GbE Adaptor Drives Prices to $1,295

Chelsio Communications announced its second generation family of 10GbE and iSCSI adapters at prices as low as $1,295 in volume -- a new industry price point that is expected to speed the adoption rate for 10Gb Ethernet in enterprise applications.

Chelsio's T210 Protocol Engine and N210 Server Adapter are software-compatible upgrades from the first generation T110 and N110 cards, respectively, which has been shipping since early 2004. Additionally, Chelsio is debuting its T204 Protocol Engine, a 4-port Gigabit Ethernet Protocol Engine targeted for storage applications not yet requiring 10Gb performance.

The N210 server adapter is available in high volume for $1,295. The T210 Protocol Engine, the only 10GbE adapter shipping today with TCP/IP offload (TOE) capability, is volume priced at $1995. The T204 is volume priced at $895. Chelsio said it expects to halve these prices every twelve months.

  • In January 2005, Chelsio Communications, a start-up offering 10-Gigabit Ethernet server adapters and protocol acceleration technology, has completed its third round of private venture funding, raising $25 million. At the time, Chelsio said it has seen a steep revenue ramp of over 300% quarter-to-quarter growth since introducing the industry's first 10Gb Ethernet adapters with protocol offload capability in early 2004. Chelsio's third round was led by INVESCO Private Capital and includes new investor Hotung Capital Management. Existing venture partners Sequoia Capital, New Enterprise Associates, Global Catalyst Partners, Pacesetter Capital Group, Horizon Ventures and Abacus Capital are all participating in the new round. The latest round of funding raises the total investment in Chelsio to $55 million.