Fulcrum Microsystems raises $20 million
May 9, 2005
CALABASAS, Calif. -- Fulcrum Microsystems today announced it has raised $20 million in a Series C round of venture capital financing. The semiconductor company will use the funds to expand its product offering and marketing initiatives for its standards-based interconnect chip products, which are at the heart of performance-optimized enterprise computing, storage and communications platforms.
New investor Granite Ventures, a San Francisco-based venture firm, led the financing round. All of the company’s existing investors (Infinity Capital, New Enterprise Associates, Palomar Ventures and Worldview Technology Partners) also participated.
“The success of our award-winning PivotPoint product family has demonstrated the significant market potential for our innovative interconnect technology; this investment will accelerate our plans to expand this technology into new markets,” said Bob Nunn, Fulcrum president and CEO. “We appreciate the continued support of our existing venture partners and welcome the enthusiasm and ideas of our new investor.”
“The Fulcrum team has proven their ability to deliver commercial devices that are differentiated by the virtues of their unique clockless technology,” said Sam Kingsland, managing director of Granite Ventures. “We’re looking forward to working with the company as it leverages its technology to capitalize on exciting new opportunities in the data center.”
Fulcrum Microsystems Inc.
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