Hyperchip Lands $43M in Financing
Hyperchip Inc. said
Friday that it has secured another US$12.4 million in venture funding and
about $31 million in repayable loans from the government of Quebec. This
brings the company's total funding to date to about US$136 million.
The company says its router, designed to handle up to 65,000 OC192 (10
Gbit/s) interfaces per system, is in trials with one large carrier (see Hyperchip Hypes
Its Hardware and Hyperchip
Raises $67 Million ).
"We've completed our first beta trial and were pleased with the
results," says Hyperchip CEO Brian Barry. "Now we're hardening the product
-- testing and retesting it to make absolutely sure it is what it should
be."
The company is planning additional trials with an unnamed carrier and
will release its product later this year.
Hyperchip's funding round, its fourth, was led by TechnoCap with
investments from Vertex Technology Fund, Advent International, Optical Capital
Group, JT Ventures, Artémis, and Pilgrim Baxter.
The company has grown to 280 employees so far, several having joined
recently, when IP Optical went under (see IPOptical
Fades, Hyperchip Feasts and Hyperchip
Hires Hershey ).
— Phil Harvey, Senior Editor, Light Reading
http://www.lightreading.com/
Article Talk
This board
does not reflect the views of Light Reading. These messages are only the
opinion of the poster, are no substitute for your own research, and should
not be relied upon for trading or any other purpose. The anonymity of the
user cannot be guaranteed.