Tuesday, April 19, 2005

Xelerated Raises $17 Million for its Network Processor

Xelerated, a start-up based in Santa Clara, California and Stockholm, Sweden, raised $17 million in series C funding for its high-end network processors. Xelerated's network processors, based on a patented data-flow architecture, are aimed at enterprise backbone and metro Ethernet applications.

The company cited Tier-1 customer engagements in the high-volume, high-growth metropolitan Ethernet market. Xelerated's next generation chip, the X11, has taped-out and first samples will be shipped to customers in July.

The funding round was led by new investors Accel Partners and Amadeus Capital Partners. Xelerated's existing investors Atlas Venture and Alta Partners also participated in the round. http://www.xelerated.com