Lara Raises $40M, Partners STM

Targets network database search engines

October 23, 2000

1 Min Read

SAN JOSE, Calif. -- Lara Networks, Inc. (Lara), the industry leader in high?performance Network Application Processors for the Internet Infrastructure market, announced today it has secured a second round of funding totaling $40 million. Raza Ventures led this round of financing with participation from leading venture capital firms including Battery Ventures, Investar Capital, and TeleSoft Venture Partners. Funding from investment banks included BancBoston Robertson Stephens, U.S. Bancorp Piper Jaffray, Dain Rauscher Wessels, Inc., and Needham & Company, Inc. STMicroelectronics has also taken a minority equity stake in Lara and has licensed Lara's Associative Processing Technology™ to develop and market Lara's LNI7000 family of compatible network database search engines. development partnership with STM

STMicroelectronics (ST), seventh largest semiconductor company in the world (*) and Lara Networks, Inc. (Lara), a Silicon Valley innovator and internet infrastructure solutions provider, today announced a long-term agreement to co-develop, manufacture, co-market and sell high performance Search Engines incorporating Lara's Associative Processing Technology TM (APT) using ST's leading edge deep sub-micron process technology. The bandwidth explosion in the Internet infrastructure has created the need for wire-speed deep-packet processing and these Search Engines will enable the system vendors to address this market requirement. ST will take a minority interest in Lara Networks Inc. ST and Lara will also exchange and/or cross-license relevant Intellectual Property (IP) and technologies to optimize existing products and create greater value for their customers.

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