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Innovium Snares $38.3M in Series C

       
SAN JOSE, CA, Provider of networking silicon solutions for data centers, announced today that it has raised $38.3 million in Series C funding.
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Innovium, Inc. a provider of networking silicon solutions for data centers, announced today that it has raised $38.3 million in Series C funding from new lead investor, Redline Capital, new strategic investors and existing investors Greylock Partners, Walden Riverwood Ventures, Capricorn Investment Group, Qualcomm Ventures and S-Cubed Capital. As part of Series C funding, Tatiana Evtushenkova, CEO/Managing Director of Redline Capital, joined Innovium's board of directors. The new funding round brings Innovium's total financing to $90 million and will be used to accelerate commercialization of world's fastest TERALYNX 12.8Tbps switch silicon family and execute on a compelling roadmap. Innovium TERALYNX's data center focused design along with patented innovations have enabled the company to leapfrog products in the market and position it as a leader in enabling autonomous & programmable large-scale data center networks.
Innovium also announced a board of advisors and investors consisting of networking industry luminaries to guide its strategy, technology and go-to-market initiatives. The members include Yuval Bachar, Principal Engineer for Global Infrastructure Architecture at LinkedIn; Sachin Katti, Professor of EE & CS at Stanford University; Martin Lund, CEO of Metaswitch; Rajeev Madhavan, serial entrepreneur and General Partner of Clear Ventures; Pradeep Sindhu, Founder and Vice Chairman of Juniper Networks; Krishna Yarlagadda, President of Imagination Technologies; and Raj Yavatkar, VMware Fellow.
"We are delighted to have Tatiana Evtushenkova join our BOD, and welcome a range of world leading entrepreneurs, executives and technologists across data center infrastructure, semiconductor and software areas to our industry board. We look forward to drawing on their collective knowledge and experience as we reshape data center networks," said Rajiv Khemani, CEO and Co-founder of Innovium.
About Innovium
Innovium is a provider of high performance, innovative switching silicon solutions for data centers. Innovium's TERALYNX family delivers software compatible products ranging from 3.2Tbps to 12.8Tbps with unmatched power efficiency, radix, programmability, buffers and low latency. Innovium team members have a highly successful track record in delivering several generations of widely deployed data center products. The company is headquartered in Silicon Valley, California and is backed by leading venture capital firms including Greylock Partners, Walden Riverwood, Capricorn Investment Group, Qualcomm Ventures, S-Cubed Capital and Redline Capital. For more information, please visit: http://www.innovium.com
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