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

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Author: Linda Hardesty
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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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