Azanda Raises $10 Million for its Traffic Mgt Silicon

Azanda Network Devices, a start-up based in Sunnyvale, California, closed $10 million in a Series C funding round for its advanced traffic management silicon. Azanda's traffic management products integrate three critical functions into a single-chip: 1) simultaneous packet and ATM switching; 2) hierarchical shaping and scheduling; and 3) IP-to-ATM, or Frame Relay-to-ATM interworking via an integrated, wire-speed Segmentation and Re-assembly (SAR) engine. The chips concurrently perform these functions for as many as one million Virtual Circuits (VCs) at full-duplex OC-48 speeds.


All of Azanda's current major investors participated in the funding round, including Bessemer Venture Partners, Highland Capital Partners, Newbury Ventures, Commonwealth Capital Ventures, GS PEP Technology Fund, an affiliate of Goldman Sachs Asset Management, and Wall Street Technology Partners LP, a New York-based technology fund managed by Dresdner Kleinwort Capital (DrKC).
http://www.azanda.com