Precision I/O Raises $10 Million

Precision I/O, a start-up based in Palo Alto, California raised $10 million in venture funding to bring to market a new high-performance server I/O architecture based on Ethernet. The company said its architecture would "open up the server-to-network bottleneck that has plagued enterprises in their efforts to bring the benefits of high-speed networking to data-center and high-performance computing applications." Product introductions are expected in mid-2004. Lead investors are Advanced Technology Ventures (ATV), 3i, and Foundation Capital.



Precision I/O was spun out from Packet Design in March 2003. Judy Estrin serves as chairman and acting CEO. http://www.precisionio.com