Wednesday, January 2, 2008

Chelsio Raises $25 Million for 10Gb Ethernet Adapters

Chelsio Communications, a start-up offering 10-Gigabit Ethernet server adapters and protocol acceleration technology,

announced the closing of a Series E private funding round, raising a total of $25 million. Chelsio's 3rd generation Terminator 3 (T3) ASICs power the company's portfolio of unified wire adapters for 10Gb Ethernet. Target applications for the 10Gb adapters include Network-Attached Storage (NAS) Filers, Storage Area Network (SAN) Arrays, Server Adapters, High Performance Cluster Computing, Blade Servers, Video Servers, Application Servers and Web Accelerators.

The new funding round was led by an investor new to the company, Investor Growth Capital, while existing investors New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung Capital Management, Abacus Capital Group, Pacesetter Capital Group, and Horizon Ventures all participated.