Monday, December 22, 2008

Solarflare Pulls In $44M More

Irvine-based Solarflare Communications, a manufacturer of 10 Gigabit Ethernet semiconductors, announced today that it has raised $44M in a combination of debt and equity funding. Solarflare said it has raised $32M in equity financing along with $12M in venture debt. The equity came from Oak Investment Partners, Acacia Capital, and Anthem Venture Partners; source of the debt financing was not disclosed. Solarflare said the new funding will go towards ramping manufacturing of its 10GBASE-T PHY products. Solarflare's products are used for transmitting 10 Gigabit Ethernet over twisted pair copper connections. More information »

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