Wednesday, July 6, 2005

EZchip Secures $10 Million for its Network Processors

EZchip Technologies, a subsidiary of LanOptics, raised an additional $10.0 million as part of its Series C funding for its high performance network processors.

The company is currently sampling its new NP-2 network processor for 10-Gigabit applications. The company also supplies an earlier generation 10-Gigabit network processors as well as 5-Gigabit network processors. EZchip's network processors can be used for a range of Layer 2-7 applications for the carrier metro and edge, the enterprise backbone and data centers.

All of EZchip's current investors have participated in this round. LanOptics, which will continue to be the majority shareholder of EZchip following this financing round with 60.4% of the company, invested $6.9 million with the balance invested by all other shareholders of EZchip.

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