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ACQUIRED COMPANY
 
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Neterion  Acquired by Exar (2010 $ 10,500,000 )

20230 Stevens Creek Blvd. #C
Cupertino, CA 95014
USA
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) R. Douglas Norby (Xperi CFO) Hal Calhoun (Menlo Ventures Managing Director) Patrick Dipietro (Vengrowth Capital Managing General Partner)
Former outside board: Glenn Egan (Business Development Bank of Canada Managing Director)
Company

Business description: Neterion's technology is totally focused on exponentially improving high speed networking, storage and computing systems by deploying 10 Gigabit Ethernet in an evolutionary, cost effective manner. Server I/O architecture for network connectivity has not evolved since the days of 10Mb/s connections. Data centers are using a proliferation of switches and various storage appliances in an attempt to protect servers from the inefficiencies of today's server I/O architecture. This strategy, while very simple to understand, has not produced economies of scale as data centers move from 10/100Mb/s to Gb/s and now on to10 GbE connectivity. The IEEE's ratification of the 10 GbE on fiber standard in the summer of 2002 has enabled S2io to be the first company to offer an evolutionary path to 10 GE performance. IT management can enjoy the benefits of dramatically increased network bandwidth while keeping their existing cabling, tools sets, management systems and operations. They do not need to make changes to the Operating System other than adding a new driver.
Customers include: CrayFujitsu Intransa Liquid Computing Silicon Graphics
Partners include: Alacritech Finisar MicrosoftTeranetics ;  Caltech;  CERN;  Hitachi ;  iStor Networks ;  McGill University ;  NextIO ;  String Bean Software
Capital

Rounds: 4
Recent Fundings: Jun 2008   Feb 2006
Capital raised: 66.9M
Last Round: 18.1M
Ownership: Acquired by Exar (2010 $ 10,500,000 )
VCs include: Icon VenturesMenlo Ventures;  BDC Venture Capital;  VenGrowth Capital Partners;  Business Development Bank of Canada;  Scorpion Capital Partners;  Stockwell AI

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Overview
Record updated: Jun 2009
Sector: Storage
Year Founded: 2001
Headcount: 26-50 as of Jan 2008
Rounds: 4
Recent Fundings: Jun 2008   Feb 2006
Capital Raised: 66.9M
Last Round: 18.1M
Ownership: Acquired by Exar (2010 $ 10,500,000 )