Cavium Networks, a start-up based in Santa Clara, California, raised $18 million in an oversubscribed Series C round of funding to support its rollout of security processing chips. In the two and a half years since its founding, Cavium has introduced three security processor families, with over 20 security processor and board products, targeted for IPsec, SSL, Wireless LAN and Multiservice applications. Cavium claims over 30 customers, including several tier-1 communication OEMs, who are using its security chips in VPN gateways, SSL VPNs, wireless gateways, SSL load-balancers, routers, switches, web-servers and SANs. New investors in this round include NeoCarta Ventures, NTT Leasing Co. (investment arm of NTT), China Development Industrial Bank and William Jones and Associates. Current investors Menlo Ventures, Alliance Ventures and Diamondhead Ventures also participated in the round. The closure of this round brings the total funding received by Cavium Networks to $ 41.5 Million.
http://www.cavium.com
- Earlier this week, Cavium Networks introduced its NITROX Wireless family of security macro processors for enterprise access and aggregation points. The processors support the full range of security algorithms currently used in WLAN security and the emerging 802.11i standard — including AES, 3DES and ARC4 and the various modes of each algorithm. Additionally the Cavium NITROX Wireless processors perform protocol processing of CCMP, IPSec, IKE, MPPE and functions of TKIP. They also feature a true hardware Random Number Generator. Cavium will offer ten versions to target a range of price / performance points.
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Aruba Wireless Networks, a start-up offering high-performance wireless network switching systems for enterprises and hot spot service providers, has adopted Cavium’s NITROX Wireless security processors. The devices are also being used by several server motherboard and OEM vendors for VPN gateways, SSL VPNs, wireless gateways, server load-balancers, routers, switches, web-servers and SANs.