Sandburst Bags $27.5M

Second round of venture capital funding, led by Investor AB, included 3i and Boston University's Community Technology Fund

December 11, 2001

1 Min Read

ANDOVER, Mass. -- Sandburst Corporation, a leading developer of 10 Gigabit packet chip set technology, today announced that it has closed a $27.5 million second round of venture capital funding. Led by Investor AB, through its wholly-owned subsidiary Investor Growth Capital, the round included participation from 3i, a leading international venture capital company, and Boston University's Community Technology Fund, along with returning investors Matrix Partners and Greylock. This round brings the total investment in Sandburst to more than $36 million. "New investors, along with continued backing from respected venture capital firms, provide exciting validation that we're developing much needed technology for the networking industry," said Arvind, president and founder of Sandburst. "This round of funding provides the added resources and increased corporate flexibility to support our chip technology introduction."Sandburst Corp.

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