Inphi raises $24M in second round of venture financing, led by Walden International

June 4, 2002

1 Min Read

WESTLAKE VILLAGE, Calif. -- Inphi Corporation, a privately held high-speed communications company, today announced it has received an additional $24 million in its second round of equity funding. This round brings the total investment to date to $36 million and represents a strong vote of confidence in Inphi's 10- and 40-gigabit per second (Gbps) integrated circuit solutions for optical networks. The lead investor for the Series B funding is Walden International, a top-tier global venture capital firm headquartered in San Francisco. Other participants in the round include Menlo Park, California-based Dali-Hook Partners and previous investors Tallwood Venture Capital and Mayfield, both of which participated in the Series A round in December 2000. "Given the current economic environment and the reduced investment in telecommunications-related startups, our ability to close such a significant round with a lead investor who has a proven track record of building semiconductor companies validates our achievements over the past eighteen months," said Tim Semones, Inphi CFO and co-founder. "This round provides us with the capital required to take our existing products to volume deployment and simultaneously pursue new development opportunities." Lip-Bu Tan, chairman and founder of Walden International, joins the Inphi Board of Directors, whose other members include Chairman Dado Banatao of Tallwood and Todd Brooks of Mayfield. Mr. Tan has been an active venture capital investor for more than 19 years, with more than 50 technology investments worldwide. Inphi Corp.

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