Chelsio Announces $17M Financing

Chelsio Communications Inc., a Sunnyvale, CA-based provider of 10 Gigabit Ethernet (10GbE) adapters, ASICs, and storage solutions, announced the completion of a $17m funding round.
Existing investors, including New Enterprise Associates, INVESCO Private Capital, Investor Growth Capital, LSI Corporation, NTT Finance, Vendanta Capital, Abacus Capital Group, Pacesetter Capital Group, Horizon Ventures, and one new investor, Mobile Internet Capital, participated in the round financing.
According to Chelsio president and CEO Kianoosh Naghshineh, the funds will be used for continued development of company’s 10GbE adapter products, and expansion into new markets.

Chelsio had already closed a $25m Series E financing in 2008.


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