Silicon Startup Innovium Closes $77M in Series D, Ships Samples

Article published by: https://www.sdxcentral.com/
Author: Linda Hardesty
Source URL: https://www.sdxcentral.com/articles/news/silicon-startup-innovium-closes-77m-in-series-d/2018/04/

The chipmaker Innovium bagged $77 million in a Series D funding round. It brings Innovium’s total financing to over $160 million. Investors in this latest round included Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital, and Qualcomm Ventures.

Innovium first emerged on the scene in December 2014. And by May 2016 it had raised $50 million and indicated it was working on Ethernet switching chips to deal with east-west traffic in data centers.

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