Tuesday, May 8, 2007

Xelerated Pulls In $23M

Xelerated, a Santa Clara-based firm developing network processing products, said today that it has closed $23M in a financing round. The funding was led by Sixth Swedish National Pension Fund, and also included existing investors Atlas Venture, Alta Partners, Accel Partners and Amadeus Capital Partners. Xelerated develops network processors for the metro and enterprise networking markets. The firm said the new funding will go towards expanding sales and support, along with develoment of new products. More information »