Tuesday, December 9, 2008

Bivio Networks Raises $15.8M

Pleasanton-based Bivio Networks said Tuesday that it has raised $15.8M in a funding round. The round was led by Silver Creek Ventures, and also included ITOCHU Corporation, ITOCHU Techno-Solutions Corporation (CTC), and Cross Technology Partners, along with prior investors InterWest Partners, Storm Ventures, Venrock Associates and Goldman Sachs. Bivio Networks develops deep packet inspection hardware. According to Bivio, the new funding will go towards accelerating global sales, expansion of operations, and product development. More information »