EZchip Technologies,. a subsidiary of LanOptics, raised an additional $8.0 million of Series C funding for its high-speed network processors. Ezchip said it now has over 30 customers for NP-1c 10-Gigabit 7-Layer network processor, including four in early production. The full-duplex network processor provides fully programmable packet classification, modification, forwarding and policing at wire speed.
The first tranche of Series C funding was invested a year ago, and the additional Series C funding concludes the round. The additional funding follows the exercise of an option held by the Series C investors, which include LanOptics, Goldman Sachs, JK&B Capital, Star Ventures, and Tamar Investments. LanOptics, which will continue to be the majority shareholder of EZchip following the option exercise with 53.4% of the company, triggered the option exercise. http://www.ezchip.com
