NetSpeed Systems Inc., a San Jose, CA-based provider of on-chip network IPs for SoC designers, closed a $10m in Series C funding.
The round was led by Intel Capital with participation from investors SK Hynix and Walden-Riverwood Ventures.
Founded in 2011 by Sundari Mitra, CEO, NetSpeed offers a portfolio of on-chip interconnect IP powered by advanced machine learning technology for customers to streamline their SoC architecture and design across a wide range of markets from mobile to high-performance computing and networking. In addition to the funding, the company has also launched Crux, which targets cloud, hyper-scale and enterprise networking and storage segments.
Customers include leaders in data centers, enterprise networking, mobile, automotive and digital home.