Innovium Announces Investors and $50M Raised to Date

Innovium, a pre-launch start-up based in San Jose, announced that it has raised over $50 million in funding across two oversubscribed rounds.

Innovium is developing networking infrastructure products for next-generation data centers. Product plans have not been disclosed.

Innovium’s Series A funding in the first quarter of 2015 was led by venture capital firms Walden Riverwood Ventures and Capricorn Investment Group, with participation from S-Cubed Capital and Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures. Series B funding later in 2015 was led by Greylock Partners with participation from all existing investors. Concurrent with the funding rounds, Asheem Chandna of Greylock, Dipender Saluja of Capricorn, Lip-Bu Tan of Walden International, and Mark Stevens of S-Cubed joined Innovium’s board of directors.

http://www.innovium.com/

Earlier this year, Innovium announced the settlement of a lawsuit with Broadcom.
Innovium was founded by Rajiv Khemani (previously Cavium), Puneet Agarwal (previously Broadcom), and Mohammad Issa (previously Broadcom).

Staff

Editor & Publisher

Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.