Fabless semiconductor company Siliquent Technologies announced today that it had secured an additional $21 million in financing. The new round was led by Thomas Weisel Venture Partners, and included new investors Vertex Venture Capital and Alta Berkeley Venture Partners. Existing investors Greylock Partners, Benchmark Capital and Orckit Communications also participated.
Siliquent said it planned to use the new capital to augment and accelerate its engineering, sales and marketing activities. The company supplies 4-gigabit and 10-gigabit Ethernet processors that combine RDMA, iSCSI and TCP/IP offload capabilities on a single chip. According to the company, its new Ethernet Processing Units will enable a new generation of intelligent NICs (network interface cards) that make it possible to run storage, networking and clustering over a single physical Ethernet interface the unified wire.
“This is a strong showing of support from the investment community, and will enable us to continue the momentum that started with the recent shipment of our 4-G and 10-G devices,” said Siliquent Technologies CEO Charles Chi, CEO. “The overwhelming interest from the investment community allowed us to choose the ideal investors for this round"
Siliquent introduced its first products last summer. A variety of large system OEMs are currently designing new NICs based on the company’s 4-G and 10-G Ethernet processors.
Siliquent Technologies (formerly Intensicom) was founded in 2001. The company's headquarters are in Mountain View, California, and it has a research and development center in Tel Aviv.
Published by Globes [online] - www.globes.co.il - on September 27, 2004