Networking startup raises $77 million

April 26, 2018 //By Peter Clarke
Networking startup raises $77 million
Innovium Inc. (San Jose, Calif.), a provider of networking technology for datacenters, has raised $77 million in a Series D round.

This brings the amount raised by the company to more than $160 million since it was founded in December 2014. The latest round included investment from venture capital firms Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital and Qualcomm Ventures.

The company said the money would be used for the production of Innovium's Teralynx 12.8Tbps and 6.4Tbps switching ICs, along with market expansion and product roadmap innovation.

"Walden investment funds are excited to support Innovium during its next phase, as Teralynx gets volume deployed at several industry leading customers," said Lip-Bu Tan, chairman of Walden International, in a statement issued by Innovium.

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