Thursday, July 26, 2007

Bay Microsystems Raises $16M For Global Expansion

San Jose-based Bay Microsystems said today that it has closed on $16M in new financing. The round came from Quicksilver Ventures and W Capital, and also included prior investors Selby Venture Partners, Needham Capital, Pacifica Fund, Glenbrook Capital, Crossbridge Partners and Franklin Park Investment Partners. Bay Microsystems said the funding will go towards enhancing its operations and towards global expansion. Bay Microsystems develops network processors, targeted for use in metro and carrier Ethernet equipment. More information »