Solarflare Secures $26M

Solarflare secures $26M in private funding

June 17, 2008

1 Min Read
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IRVINE, Calif. -- Solarflare Communications, the leading provider of standards-compliant 10 Gigabit Ethernet (10GbE) silicon, today announced that it has secured an additional $26 million in equity financing. This round of funding includes participation from previous investors, such as Oak Investment Partners, Foundation Capital, Accel Partners and Amadeus Capital Partners.

Solarflare has been shipping the industrys first and only full-performance 10GBASE-T product since September 2006. Moreover, the company has been shipping the industry’s lowest-power 10GbE vNIC controller and MAC chip since February 2007. Solarflare will use the equity financing to ramp up its next-generation products, including the industry’s lowest-power 10GBASE-T PHY, and boost the volume of production in the 10GbE market.

“With the ever increasing deployment of rich media on demand and server virtualization, enterprises and data centers need robust, standards-compliant 10 Gigabit solutions that are power-efficient and allow for simple upgrades of current Ethernet infrastructures,” said Russell Stern, chief executive officer of Solarflare. “Solarflare is the only company shipping both 10GBASE-T PHYs and 10GbE controllers. We lead the market and have design traction with multiple customers. This latest round of funding signifies our investors’ continued confidence in Solarflare’s ability to execute and grow in this competitive market.”

Solarflare Communications Inc.

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