Tidal Networks, a start-up based in San Jose, California, raised $12 million in Series B funding for enterprise networking security. The company is developing a new processing architecture designed specifically for complex networking applications requiring high processing and memory-bandwidth requirements. Tidal Networks said it would leverage a multi-threaded processor technology to deliver significant performance comparable to hard-wired ASICs with the flexibility of a CPU. Product plans have not yet been announced.
Accel Partners and Sequoia Capital joined forces in providing the up-round of financing.
Tidal Networks' executive team includes:
- Jeff Prince, executive chairman and vice president of engineering. Previously, Prince was a co-founder of Foundry (FDRY) and Centillion (acquired by Bay). Prince holds eight patents related to networking technologies.
- Tom Barsi, president and CEO. Previously, Barsi was a co-founder and vice president of marketing and business development at VINA.
- Mario Nemirovsky, CTO. Nemirovsky, holds 23 patents in the area of multi-threading processors. He was previously a chief architect at National Semiconductor.
- Faizel Lakhani, vice president of marketing. Previously, Lakhani was with Caspian and Nortel.
