Semiconductors - Wednesday, February 14, 2007
Chip Maker Cavium's $86M IPO On Deck
Santa Clara-based Cavium Networks has filed for an $86.25M IPO on the Nasdaqs. It sells security, network services and content processing semiconductors. Cavium has raised over $60M in venture funding.
Customers include Cisco, 3Com, Aruba Networks, F5 Networks, Fujitsu, Furukawa Electric, IBM Datapower, Netgear, Sun, and Samsung. It claims 250+ design wins at over 120 OEMs.
Stakeholders' Pre-IPO stake
Menlo Ventures 29.98%
Alliance Ventures 13.89%
Diamondhead Ventures 9.19%
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