SUNNYVALE, Calif. -- Azanda Network Devices, an innovator in the development of silicon products for managing the way traffic is processed in network core, edge and enterprise markets, today announced it has secured $19 million in its Series B financing round. Series A investors Bessemer Venture Partners, Highland Capital Partners, and Commonwealth Capital Ventures co-led the round, and Series A investor Goldman Sachs also participated as a significant investor in the new round. Today's announcement brings the total capital raised by Azanda Network Devices since the company's inception to over $29 million. Azanda raised $10 million from its first round of funding in 2000. The only independent company focused on best-of-breed traffic management, Azanda will use this new round of financing to further drive to market its silicon products for network co-processing functions. Azanda is currently finalizing the commercialization of its next-generation technology for a variety of products, including OC-48 (2.5 Gbps) and OC-192 (10 Gbps) traffic management for the optical metro network, the access portion of core networks, and enterprise networks at the WAN edge. "This second round of funding demonstrates very strong support from our existing investors," said Steve Dines, president and CEO of Azanda. "Few companies are getting any venture funding in today's challenging financial environment. Furthermore, the level of capital we have raised underscores our investors' confidence that Azanda is making significant product and customer progress. Our application of 10 Gbps 0.15 micron technology to high-density OC-48 (and below) solutions, as well as OC-192 solutions, provides Azanda with a clear competitive advantage," he added. Azanda Network Devices Bessemer Venture PartnersCommonwealth Capital Ventures Highland Capital Partners