Deal Announcements

Chelsio Communications Nets New Venture Capital

Wednesday, September 23, 2009 5:32:00 AM PDT | VentureDeal Staff

Sunnyvale, California  --  Networking company Chelsio Communications has secured $9.3 million so far in its sixth round of institutional venture capital financing.

Chelsio Communications has developed what it calls robust, high-performance and proven protocol acceleration technology that assist telecom service providers with the convergence of networking, storage and clustering interconnects.

Investors in the round were not disclosed, nor was how the company intends to use the funding proceeds.

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