Investments from Draper Fisher Jurvetson, Lucent, Wasserstein, and others bring Series B funding total to $22.5 million

August 23, 2001

1 Min Read

FREMONT, Calif. -- Cognigine Corporation, an emerging leader in broadband and optical networking semiconductors, today announced it has raised $8 million in additional Series B financing from Draper Fisher Jurvetson, Lucent Venture Partners, Wasserstein Ventures, VantagePoint Venture Partners, and Wasatch Venture Fund to close the round at $22.5 million. In addition, the Company secured lease financing of $2.5 million from Costella Kirsch, Inc. The recent financing will be used to complete development of Cognigine’s single chip OC-192C Network Processor, and to expand the Company’s marketing and sales teams.“This extension to our Series B round represents a strong vote of confidence in Cognigine by our current investors,” said Nick Kucharewski, Cognigine’s President and CEO. “The financing will take us well into 2002 and enable us to begin shipping our single-chip, programmable Network Processor to customers. It puts the Company on a very strong financial footing.”Cognigine Corp.

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