Netronome obtains $23 million in funding

SAN JOSE, Calif. -- Netronome Inc. (Santa Clara, Calif.), a developer of network flow processors, has closed a $23 million Series D round of funding.

The round was led by new investor DFJ Esprit, and included previous investors Raptor Group, Tudor Ventures and Top Technology. The round also included investment from Fore Systems founders Robert Sansom and Eric Cooper, and Analysys founder David Cleevely.

The funds will accelerate Netronome’s growth in the rapidly expanding network flow processor market.

Netronome rolled out at the Multicore Expo two PCI Express Gen2 adapter cards and a chassis-based system using its 40-core network processor announced late last year. The products arrive as rival Cavium Networks is expected to announce its next-generation communications processor, a 32-core device.

Netronome is now shipping its NFP-3240 network flow processor, a follow-on to Intel's IXP28XX line of network processors, specifically designed for tight coupling with general purpose X-86-based multicore Intel processors to accelerate network, security and content performance up to 40 and 100 Gbps.