StarGen announced that it has secured $8.5 million in a fourth round of venture funding

July 12, 2004

1 Min Read

MARLBOROUGH, Mass. -- StarGen, a semiconductor company specializing in advanced serial switched interconnect solutions, today announced that it has secured $8.5 million in a fourth round of venture funding. Participants in this Series D round include current investors Commonwealth Capital Ventures, Eastward Capital Partners, Intel Capital, Ironside Ventures, Morgenthaler Ventures and Vesbridge Partners LLC.

StarGen will use this investment to finance accelerated development and marketing of Advanced Switching Interconnect (ASI) products. StarGen engineers have been major contributors to the emerging ASI specifications, leveraging the company’s expertise in the area of switch fabric interconnects. StarGen completed a $16.3 million Series C in 2003, and raised $26 million in previous rounds.

“StarGen's rapid growth continues as marked by this new round of funding, the success of our StarFabric business, and the aggressive investment in Advanced Switching Interconnect development and marketing,” said Tim Miller, CEO of StarGen. “We have been very encouraged by the level of new design activity around our StarFabric technology and the enthusiastic customer validation of our Advanced Switching portfolio.”

StarGen Inc.

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