Netronome announced it has closed a $23M Series D round of funding

May 5, 2010

1 Min Read

SANTA CLARA, Calif. -- Netronome, the leading developer of network flow processors, today announced it has closed a $23 million Series D round of funding. The funds will accelerate Netronome’s growth in the rapidly expanding network flow processor market. With the new investment, Netronome will scale technical support for numerous customer design wins and expand global operations in sales, marketing and manufacturing.

The oversubscribed round was led by new investor DFJ Esprit, and included previous investors Raptor Group, Tudor Ventures and Top Technology. The round also included investment from industry luminaries - FORE Systems founders Robert Sansom and Eric Cooper, and Analysys founder David Cleevely.

“Netronome’s award winning network flow processors have changed the way people are building intelligent networking products,” said Krishna Visvanathan, partner at DFJ Esprit and new member of the Netronome board of directors. “Netronome’s record revenue growth and new design wins at top-tier networking OEMs confirm the momentum and make clear the opportunity to remain the leading provider of network flow processors. We look forward to working with the management team to drive this next phase of growth.”

Netronome

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