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Woven Gets $20M Funding Add-On

Secretive switch vendor Woven Systems has picked up $20 million in Series B funding as the 10-Gbit/s specialist looks to increase its impact in the IT market.

The round, led by Mohr Davidow Ventures, also included existing investors Palomar Ventures and Goldman Sachs and brings Woven's total funding to $35 million.

After nearly two years in the shadows, Woven Systems finally unveiled its core technology at last spring's Interop event, taking the wraps off the EFX 1000 -- a low-latency 10-Gbit/s switch it touted as an alternative to InfiniBand.

"The purpose of this round is to enable to us to bring the technology that we have developed to market," says Jeff Thermond, Woven's CEO. "It's for sales and marketing, obviously, building out customer services, and complementing the existing operations within the company."

At the moment, Woven has around 40 employees, although Thermond was unwilling to say what this figure will be a year from now. "That's subject to how things go - my crystal ball gets a little bit fuzzy that far out."

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