From the archives....
Banderacom raised some more money...
AUSTIN, Texas, Jun 4, 2001 (BUSINESS WIRE) Banderacom(TM), a leading fabless InfiniBand(TM) semiconductor company, today announced $35 million in secondround venture capital funding. Lead investor Infinity Venture Capital LLC joins wellknown venture capital and technology leaders Austin Ventures, Crossroads Systems, Intel, Jato Tech Ventures, QLogic Corporation and Trinity Venture Capital as Banderacom's secondround investors.
Austin Ventures, Crossroads Systems, Intel and Jato Tech Ventures participated in Banderacom's $9 million firstround funding, concluded in August 2000. This $35 million investment will enable Banderacom to maintain its leadership position in the rapidly emerging InfiniBand technology sector by funding the development of Banderacom's IBandit silicon products family.
"This substantial investment by industry leaders reflects Banderacom's early success and strategically positions Banderacom to continue to be the leading InfiniBand semiconductor supplier," said Les Crudele, president and CEO, Banderacom. "Banderacom will use this funding to accelerate development of the highperformance InfiniBand products our networking and storage customers demand."
"We are on the verge of a storage networking revolution storage networks will grow by an order of magnitude over the coming few years, and today's solutions are not the answer," said Bruce Graham, Managing Director of Infinity Capital. "The Banderacom team embeds storage networking expertise into leadingedge silicon solutions that meet the demands of tomorrow's data center. Banderacom's silicon products enable data center networking, storage, and computing equipment to communicate significantly faster while consuming a fraction of the space and power of today's solutions."
"InfiniBand is a key technology for QLogic," said Mark Edwards, senior vice president, QLogic Corporation, a leading provider of storage area network (SAN) infrastructure solutions. "QLogic invested in Banderacom because we believe in the company's technology, team and vision. With Banderacom as our InfiniBand semiconductor supplier, QLogic will develop innovative solutions for deployment with the revolutionary InfiniBand server architecture."
"This is a significant contribution to Banderacom's success and leadership in technology development and product performance," said Jimmy Chang, Chief Technology Strategist for U.S. Trust Corporation. "InfiniBand technology will improve the speed, reliability, scalability and efficiency of computer networks."
All of Banderacom's products are based on the InfiniBand standard adopted by more than 220 leading computer, storage and networking equipment manufactures to provide connectivity among chips, boards and systems. Banderacom's IBandit products increase data center and Internet infrastructure communication speeds, breaking the bandwidth bottleneck in the "first fifty feet."
Banderacom introduced the industry's first systemonachip InfiniBand architecture, the IBandit, in October 2000, and is one of only three earlytomarket companies to introduce InfiniBand silicon. Banderacom began shipping its IBandit(TM) chipset and product development kit in February 2001, and has announced partnerships and collaboration with industry leaders including Wind River Systems, Lane15 Software, QLogic Corporation and Intel. |
