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’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.
- 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).