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Semiconductors - Thursday, April 26, 2007

Ellacoya Asks Why Not Raise $145M?

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Deep packet inspection and traffic management specialist Ellacoya Networks today has closed a $13M round of growth funding led by Atlas Venture , BCE Capital , Canaan Partners, Lightspeed Venture Partners, and Presidio Venture Partners. Ellacoya has raised more than $145M to date. Most of that funding came before its recap round in 2002. Since then, the company has raised $48M over four rounds.

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Ellacoya says that its time has finally come because the crazy spikes of online video demands help to manage traffic peaks. Indeed its competitors are making out. Allot and Sandvine have both gone public. Ellacoya is saying it expects to double revenues this year.

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