Velio Grabs Another $45M

Third funding round, led by Redpoint Ventures, brings total raised so far to $95 million

July 23, 2001

1 Min Read

MILPITAS, Calif. -- Velio Communications, a leader in highbandwidth communications semiconductors, today announced its third round offunding, raising $45 million and bringing the total investment in thecompany to $95 million. This round is led by Redpoint Ventures. Otherinvestors in this round are Sequoia Capital, Institutional Venture Partners,Global Catalyst Partners, Capital Research Group and HarbourVest Partners,all participants in Velio’s earlier rounds.“Velio has a fundamental technology advantage that positions it to be theheart of next generation switching systems, said Tom Dyal, founding partnerof Redpoint Ventures. “Having won several designs with major systemsuppliers, the company is emerging as a leader in the transformationoccurring in the metro and metro edge markets.”Since its debut in October 2000, Velio has successfully delivered threeproduct families into the market: 180Gbps SONET/SDH grooming switches withSTS-1 granularity; 3.2Gbps Crosspoint switches that delivers nearly aterabit of bandwidth in a single CMOS IC; and a set of high performanceSerDes (Serializers/Deserializers) ICs, including the industry’s first3.125Gbps Octal device.Velio Communications Inc.

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