Aeluros Raises $10M Series B Financing Round
New Capital to Support Transition to Large Volume Production Shipments of 10
Gbps Technology
Mountain View, California, 18 October 2004
Aeluros,
a leader in high-performance mixed-signal CMOS solutions, today
announced the closing of a $10 million Series B financing round.
The round was led by new investor UOB Venture Management (UOBVM),
a move that reflects the continued focus by Aeluros on the Pacific
rim in recognition of the increasingly large role of the Asian
market in the Ethernet and Storage marketplaces. They were joined
by both venture investors from the original Series A investment,
New Enterprise Associates (NEA) and Worldview Technologies, who
have renewed their commitment to Aeluros by participating in the
round.
“Aeluros has developed impressive high-speed technology in a low-cost, low-power
process and developed that technology into a robust set of initial products,” said
Kian Wee Seah, Joint Managing Director and Chief Investment Officer of UOB Venture
Management. “This new capital will help propel Aeluros into larger volume manufacturing,
and will enable the expansion of their product portfolio in 10 Gigabit Ethernet
and 10 Gigabit Fibre Channel applications.”
Aeluros has brought to market the first two devices in a family of silicon products
for the 10 Gbps datacom and storage markets, providing industry-leading power
and cost characteristics at exceptional performance levels to optical module
manufacturers and system integrators. By breaking through the 1 Watt barrier
and driving down the cost of silicon content, Aeluros serves as a catalyst for
rapid growth in the 10 Gigabit Ethernet and 10 Gigabit Fibre Channel markets.
An extended portfolio of upcoming devices will further expose these benefits
to new segments of the 10 Gbps industry.
Aeluros has supplemented this activity with a thriving licensing and consulting
business, driven by the release of three Intellectual Property (IP) cores for
the computing, communications, and storage marketplaces. These products, addressing
SATA, PCI Express and XAUI physical layer needs at data rates of 2.5 to 3.125
Gbps, have enabled increased integration levels on the part of several major
semiconductor suppliers.
About UOB Venture Management
UOB Venture Management Private Limited (UOBVM) is a
wholly owned subsidiary of United Overseas Bank Limited, one
of Asia 's leading international banking and financial groups.
UOBVM manages a family of venture capital funds, providing financing
to unlisted companies through direct equity investment. Its venture
capital investment activities span Asia Pacific and the United States of
America .
About New Enterprise Associates
New Enterprise Associates (NEA) is a leading venture capital firm
investing in information technology and healthcare companies. Practicing
classic venture capital for over 25 years, NEA focuses on early stage investments,
playing an active role in assisting management to build companies of lasting
value. With $5 billion under management, NEA's experienced management team
has invested in over 500 companies, of which more than 135 have gone public
and more than 150 have been acquired. NEA has offices in Reston , Va. , Menlo
Park , Calif. , and Baltimore , Md.
About Worldview Technology Partners
Worldview Technology Ventures (Palo Alto, CA) is a leading venture
capital firm focused on investing in and building leading U.S. technology
companies to succeed in U.S. and international markets. Worldview has over
$1.3 billion under management, with offices in the U.S. , Europe , Japan
and Asia , and its partners' investments have led to 25 initial public offerings
and more than 10 successful acquisitions. Its portfolio of successful companies
include AFC, Ciena, Corvis, Cyras, DigitalThink, MMC, NVIDIA, Redstone, Silicon
Spice, Simplex Solutions, Tellium, Tivoli and WFI.
About Aeluros
Aeluros, Inc. is a fabless semiconductor company innovating serial,
high-performance, high-density physical layer (PHY) solutions in mainstream
CMOS technology. Led by a technical and business management team with a unique
understanding of the intricacies involved in building highly integrated 10
Gbps systems, Aeluros has successfully delivered to the communications and
computing markets a series of analog-intensive IC devices and IP cores demonstrating
distinct advantages in density, power, performance and cost. For more information
about Aeluros, please visit the company's web site at www.aeluros.com.
Editorial Contact:
Grant Smith
Aeluros, Inc.
Tel: (650) 917 2016
Email: gsmith@aeluros.com |