S2io, a start-up based in San Jose, California and Ottawa, Ontario, raised $18 million in second round funding for its development of 10 Gbps Ethernet I/O technology aimed at data center applications. S2io's forthcoming I/O products will offload processing-intensive functions from servers and data storage devices leaving them free to better process applications' data. The new funding round was led by Menlo Ventures and included existing investors VenGrowth Capital Partners and the Business Development Bank of Canada. S2io's total funding to date is approximately $27 million.
http://www.s2io.com
- S2io is headed by Dave Zabrowski, who previously spent 16 years with Hewlett Packard, most recently as Vice President and General Manager of HP's North American Business PC organization. S2io's technical team includes Lee Shepherd (CTO), formerly with Nortel Networks; Dennis Shwed (VP of Hardware Engineering), formerly with Nortel Networks; and Leonid Grossman (VP of Software Engineering), formerly with Alteon Websystems and Nortel Networks.
