Tehuti Closes Round B

Tehuti Networks, a semiconductor company providing 10-Gig Ethernet single-chip, low-power network controllers, completes Series B round

February 7, 2008

1 Min Read

MOUNTAIN VIEW, Calif. -- Tehuti Networks, a semiconductor company providing 10 Gigabit Ethernet (10GbE) single-chip, low-power network controllers, announced the completion of its Series B financing round led by ProSeed Venture Capital Fund. Ron Lachman, of Lachman Goldman also contributed funds. The capital will be used to support sales growth, expand and support new product offerings and support additional strategic partnerships.

With the many significant developments in the 10 Gigabit Ethernet (10GbE) market, volume adoption is becoming more and more viable for many IT managers. To help enable that adoption, Tehuti Networks' low-power 10GbE solutions are targeted for volume applications that are sensitive to power and cost budgets. Through its OptiStrataTM proprietary microprocessor architecture, Tehuti Networks offers an optimal combination of features implemented in hardware and firmware to offer high performance with no impact to the operating system, power, real estate and cost budgets.

"Tehuti Networks is one of ProSeed Venture Capital Fund's star companies," said Niv Sarne, CEO of ProSeed, "We have been impressed with Tehuti Networks' significant progress and are proud to be working together."

"As one of the very first investors in Tehuti Networks, I am proud to see the company has matured so well," commented Ron Lachman of Lachman Goldman Ventures. "I am a huge fan of Tehuti Networks' unique approach to solving the TCP/IP processing problem and have been a firm believer in their architectural approach for many years."

"I would like to thank ProSeed Venture Capital and Lachman Goldman for their continued support," said Arie Brish, CEO, Tehuti Networks. "We are also extremely grateful to our customers for their business and support of Tehuti Networks, as well as our partners and employees who helped get us here."

Tehuti Networks Ltd.

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