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Silicon Access secures $39M in fourth round of funding, led by Soros Private Equity Partners and Norwest Venture Partners
March 4, 2002
SAN JOSE, Calif. -- Silicon Access Networks, an industry leader in semiconductor data path processing solutions, today announced it has secured $39 million from new and existing investors in its fourth round of funding. The investment will be used to continue the successful rollout of Silicon Access Networks iFlow Data Path Processing Platform, which includes the industry's only 20 gigabit-per-second network processor and a suite of co-processors for address lookup, billing and statistics, and packet classification. The iFlow product line is ideal for a variety of packet processing applications with aggregate bandwidths of 10 to 40 gigabits per second. "We are very pleased to receive such outstanding support from our existing investors, and we welcome our new investors," said Perry Constantine, president and CEO of Silicon Access Networks. "Their confidence in our company is a tribute to our team and our market leading product solutions. Moving forward, we will continue to maintain our performance and integration leadership in the data path processing market segment." Soros Private Equity Partners and Norwest Venture Partners co-led the round. New Investors include Pilgrim Baxter, Van Wagoner Capital Management, Parker Price Venture Capital and Glynn Capital. Existing participating investors also includes the Sprout Group, Tallwood Venture Capital and Synopsys. Morgan Stanley acted as sole placement agent to Silicon Access Networks. Silicon Access Networks Inc. Norwest Venture Partners
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