Sunday, November 15, 2009

Chelsio Raises $17 Million in Funding for 10GbE Adapters

Chelsio Communications, a start-up based in Sunnyvale, California raised $17 million in new funding for its 10 Gigabit Ethernet (10GbE) adapters, ASICs, and storage solutions. Powered by its 3rd generation Terminator (T3) ASIC, Chelsio's portfolio of unified wire adapters enable 10Gb Ethernet to replace niche fabric technologies such as Fibre Channel and InfiniBand in a wide range of applications, including 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 company claims more than 150 different platform wins and 700 different OEM and end user customers.

The funding is from existing investors, including New Enterprise Associates, INVESCO Private Capital, Investor Growth Capital, LSI Corporation, NTT Finance, Vendanta Capital, Abacus Capital Group, Pacesetter Capital Group, Horizon Ventures, and one new participant, Mobile Internet Capital.

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