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Xelerated Raises $23 Million for Carrier Ethernet Silicon

Xelerated, a start-up based in Santa Clara, California and Stockholm, Sweden, raised $23 million in series C funding for its high-end Carrier Ethernet ASSP-based chipsets, closed a $13 million funding round.

Xelerated recently announced its HX300 family of network processors and the industry’s first programmable Ethernet switches to the fiber access market. This new family of products feature integrated traffic management and fully-programmable Ethernet switches, bringing superior levels of integration and flexibility to the Carrier Ethernet market.

The new funding round was led by the Sixth Swedish National Pension Fund (the Sixth AP Fund) and was supported by all of Xelerated’s existing investors: Accel Partners, Alta Partners, Amadeus Capital Partners and Atlas Ventures. The new funding will be used to further develop Xelerated’s unique network processor and Ethernet switching family as well as extend sales and support internationally.http://www.xelerated.com

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