SUZHOU, Jiang Su Province, China -- Centec Networks, which specializes in Ethernet switching silicon and SDN white box solutions, has closed a $47 million Series E funding round led by China Integrated Circuit Industry Investment Fund (CICF), a national fund established to help develop IC technology companies in China.
The company, founded in 2005, has raised $30 million in previous funding rounds, developed four generations of switching silicon, and said it has achieved double-digit quarterly growth for the past 3 years.
Proceeds from its Series E funding round will be used to develop new products for the enterprise, data center, and carrier markets, and to scale the company’s sales and marketing operations across the globe, especially North America. CICF is joined in the round by existing investor China Electronics Corporation (CEC) through its China Electronics Innovations Fund, which led the company’s prior funding round.
Centec supports an open-networking strategy that enables worldwide customers to select the silicon, hardware and operating system solutions they need in each layer of the networking stack. The company has developed and released multiple product generations including switch silicon for 1GE10GE, 40GE and 100GE applications, with OCP’s Switch Abstraction Interface (SAI) to ease the integration into both commercial and open source Network Operating System(NOS). Centec has a history of success delivering productized switch platform based on either a commercial or open source NOS for global vendors to integrate and customize for SDN and Open Networking applications.