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March 23, 2006
VCs Back Bulking Up of Napatech's Product Line
Copenhagen-based Napatech, a developer Ethernet adapter cards, said it raised $5M to acquire network adapter technologies from Xyratex, a firm that spun out of IBM back in 1994, now traded on the NASDAQ.
Napatech sells 1gig and 10gig Ethernet adapter cards that boost the networking performance of computer applications running data and processing intensive applications.
Several members of the management team and one of its backers are ex-Cisco executives.
OEMs are the target market for Napatech's gear
In 2004, Naptech raised €2.1M from Northzone Ventures and prior to that it had a seed round when it was founded in 2003 of less than €1M from private investors.
Read - Napatech Acquires Programmable Network Adapter Business and IP From Xyratex
Read - Napatech Receives $5 million Venture Capital
Posted on March 23, 2006 03:59 PM | Posted to Hardware | Venture Capital | Permalink
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