Solarflare Grabs $26M

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Posted by James Rogers on June 17, 2008

Tags: Infrastructure, Other

Channel: Data Center, Other

Silicon startup Solarflare has clinched $26 million in Series C funding to support its 10Gbase-T efforts and a possible 2010 IPO.

The round, which included Oak Investment Partners, Foundation Capital, Accel Partners, and Amadeus Capital Partners, brings Solarflares total funding to $126 million.

Solarflare has been offering a 10Gbase-T transceiver for almost two years. That product is already shipping in a network interface card from Dell. The cash influx will be used primarily to develop this technology, according to Russell Stern, the Solarflare CEO.

“This is for the next generation,” he says. “We’re sampling now and we will be in full production by the fourth quarter.”

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