Bivio Networks, a start-up based in Pleasanton, California, raised $16.5 million capital in venture funding for its new line of multi-gigabit packet handling appliances. Bivio has developed an enterprise-class networking appliance that features a uniquely scalable architecture for advanced packet handling of network applications in the areas of security, VoIP, multimedia, wireless and IPv6. Bivio's multi-gigabit architecture, which leverages off-the-shelf processors and programmable FPGAs, is specifically optimized for wire-speed execution of...