Bay Microsystems Closes $10 Million for its Packet Processors

Bay Microsystems, a start-up based in Santa Clara, California, closed $10 million in an over-subscribed Series C financing round, bringing the total investment in the company to more than $30 million. Bay Microsystems has developed a line of programmable packet processing and traffic management solutions. Its product line includes OC192c/10G processor capable of classification, policing, segmentation and reassembly, and traffic management at wire rate. The funding round includes a new institutional investor, In-Q-Tel, as well as participation from existing institutional investors: Selby Venture Partners, Needham Capital, Thomas Weisel Venture Partners, and Alliance Venture Management.
http://www.baymicrosystems.comBay Microsystems is headed by Rick Bleszynski, who previously started Softcom Microsystems (acquired by Intel) and worked at LSI Logic.