High-end switch chip startup Greenfield Networks announced $21.5 million in Series C funding today, and is aiming to become profitable sometime next year with the help of VOIP and video enhancements.
The latest round, which brings Greenfields total funding to $48 million, was led by new investor JP Morgan Partners. Existing investors participating in the round included Sequoia Capital, Global Catalyst Partners, and Walden International Investment Group.
Founded in 2001, Greenfields core offering is the Packetry family of products, targeted at major switch vendors. The newest member of the family is the GH3032, an IPv6 and MPLS Gigabit Ethernet fixed-configuration switch (see Greenfield Intros GigE Switch Chips). The range also includes the G525 packet engine, the G750 shared memory fabric, and the G120 intelligent multiplexer device.
According to Greenfield, the products support both enterprise and metro applications, as well as service provider data centers. The company says it has already amassed a number of customer design wins but the company won't name them.
So, who are the people behind Greenfield Networks? The company was founded by former Cisco Systems Inc. (Nasdaq: CSCO) execs Kamran Torabi, Harish Devanagondi, and Rich Heaton, and is headed by president and CEO Gary Smerdon. Prior to joining Greenfield, Smeardon was VP of marketing for communications products at rival Marvell Technology Group Ltd. (Nasdaq: MRVL).