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Cavium Networks secures $15.5M in Series B Funding

Cavium Networks to accelerate growth and support growing base of customers implementing Internet security processing

San Jose, CA, April 24, 2002 - Cavium Networks, a fabless semiconductor company developing high performance network security processors announced that it has closed a $15.5M Series B round of funding. The round was led by Menlo Ventures based in Menlo Park, CA. Series A investors Alliance Ventures and Diamondhead Ventures also participated in the round. The closure of this round brings the total funding received by Cavium Networks up to $23.5M. John Jarve, Managing Director, Menlo Ventures joins the board of directors of Cavium Networks.

"We are extremely pleased to have a blue chip VC firm like Menlo Ventures lead this round," said Syed Ali, President and CEO of Cavium Networks. "Cavium Networks is at an exciting point in its evolution having started shipments of its NITROX family of Security Macro Processors. Menlo's long and rich experience in helping build successful companies will be invaluable in helping Cavium Networks grow into a profitable, market leader."

The NITROX family of Security Macro Processors is being designed into a wide range of networking equipment such as routers, switches, web-servers, server load balancers, firewalls, SANs, and VPN gateways.

"Cavium Networks has an exceptional team in an explosive space with the highest performance and clearly differentiated processor product." said John Jarve, Managing Director of Menlo Ventures. "Cavium Networks NITROX family of security processors will have a major impact on reducing the cost and complexity of network security deployment. We are excited about working with Cavium Networks to change the economics of network security processing."

About Menlo Ventures
Menlo Ventures provides long-term capital and management support to early stage and emerging growth companies. The firm looks for combinations of management, market opportunity, products or services that create the potential for an exceptional rate of return. Since its inception in 1976, Menlo Ventures has organized and managed nine venture funds with combined capital of $2.7 billion. Menlo has invested in over 235 companies since it's founding. For more information, visit http://www.menloventures.com.

About Cavium Networks:
Cavium Networks is a semiconductor company focused on developing and manufacturing high performance security processing solutions that will enable the new Internet security infrastructure. Cavium Networks highly integrated, feature rich NITROX family of Security Macro Processors delivers unprecedented performance in SSL based secure e-Business and IPsec based network security applications while significantly reducing the cost and complexity of deployment. Cavium Networks is headquartered in the heart of Silicon Valley in San Jose, CA with an IC design center in Marlboro, MA. For more information, please visit: http://www.cavium.com.

Product photos, datasheets and application notes are available upon request. NITROX is a trademark of Cavium Networks, Inc. All other trademarks are the property of their respective owners.

For additional information, contact:
Amer Haider
Cavium Networks
408-570-0911 x15
amer.haider@cavium.com

 

 

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