SolarFlare Raises $17.5 Million for Physical Layer Silicon

SolarFlare Communications, a start-up based in Irvine, California, raised $17.5 million in second round funding for its development of physical layer semiconductors. SolarFlare is building PHY products for running 10Gbps Ethernet over structured Unshielded Twisted Pair (UTP) copper cabling for LAN applications. The IEEE 802.3 Working Group, which develops standards for Ethernet based LANs, recently approved a Study Group to investigate the development of a standard for 10GBASE-T technology. The new funding was led by Anthem Venture Partners and included previous investors Foundation Capital and Sequoia Capital, and new investors Intel Capital, Miramar Venture Partners, and Windward Ventures. The company has raised $29.8 million to date.
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