IRVINE, Calif, -- Entridia Inc. here today announced it has completed the first segment of a two-stage round of funding that pumped $15 million into the routing-engine startup.
The investment was entirely by Applied Micro Circuits Corp., and brings the total equity of investment in Entridia to $30 million. The second segment of this third round of Entridia financing is scheduled to close in June.
In Entridia's first financing round, which raised $15 million, Conexant Systems Inc. was the lead investor (see Nov. 2, 1999 story). It did not participate in this first stage of the second round.
The financing will be used primarily for market development of Entridia's product roadmap, which debuted last year with an Internet edge router, Wisper. Today, the company announced a new family of solutions, Oopera (Optical Edge Routing Architecture), targeting the increasing performance needs of optical IP line-aggregation equipment for metropolitan area (MAN) and service provider backbone networks (see today's story)
For AMCC, the Entridia investment gets the San Diego-based company into an early-stage network technology that complements its high-bandwidth silicon for optical networks. "We continue to track the progress and innovation of a variety of IC companies dedicated to providing silicon-based solutions to high-performance market segments within the communications industry," said Steve Smith, vice president of business development for AMCC.
"Each segment within the optical networking industry continues to experience tremendous growth, and we recognize the demand for better IP routing solutions to serve the latency-sensitive performance requirements at each 'edge'," said Terry Holdt, president and CEO of Entridia. "This additional funding, from a proven leader in high-bandwidth silicon connectivity, will enable us to expand our ability to offer turnkey silicon solutions for Internet communications convergence."