Raza Foundries Raises $125M

Investors in the incubator include AMCC, Broadcom, Cisco, Infineon, LSI Logic, PMC-Sierra, Siemens, Virata, and Xilinx

October 23, 2000

1 Min Read

SAN JOSE, Calif. -- Raza Foundries, the premier Metacompany(TM) building and operating broadband networking and communications companies, announced it has raised $125 million from a who's who in networking, telecommunications equipment and high performance component companies, including lead investor Cisco Systems. The Series C investment round brings Raza Foundries' post-money valuation to over $1 billion.

"We are very pleased to lead the Series C financing of Raza Foundries," said Ammar Hanafi, Vice President, Business Development for Cisco Systems. "Raza Foundries has successfully accelerated networking companies' ability to develop leading-edge technology. We believe Raza Foundries and Raza Foundries Partner Companies will be key providers of important new products for the networking infrastructure."

http://www.razafoundries.com

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