COM21 Part of $40 Million Hyperchip Second Round Financing
Hyperchip Expands Second Round to $40 Million
2/1/00 Montreal-based Hyperchip has expanded its second round of financing to more than $40 million. The new investment comes from Vertex, an international fund with
communications investments that include Premisys Communications, Com21, and Transmedia; Advent International, a Boston-based fund with backing from telecom carriers NTT, KPN, and Sonora; and Vantobol Group.
These new strategic investors join Siemens Mustang Ventures, which has financed networking companies Sycamore Networks, Extreme Networks, and Accelerated Networks; Argo Global Capital, a Boston-based fund with backing from eight carriers including Deutsche Telekom and France Telecom; and TechnoCap. Hyperchip employees, including all of the
senior development team, are also shareholders.
Hyperchip will use the proceeds from this round to launch massively scalable petabit routing based on a parallel processing architecture. Hyperchip's petabit routing scales to 1280 terabits (1.28 petabits) per second, three orders of magnitude above the leading technology available today.
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