Netronome of Cranberry raises $19M in new capital
Netronome Inc., a Cranberry-based developer of network flow processors, raised $19 million in equity capital from four venture capital firms, the company said on Thursday.
The money from Sourcefire, Intel Capital, DFJ Esprit and the Raptor Group will enable Netronome to accelerate research and development to meet demand for its latest product, called NFP-6xxx, which was introduced in June.
Netronome's super-fast processors based on technology licensed from Intel Corp. raise communications network speeds while allowing companies that run them to filter out viruses and malware.
Netronome's products are developed in labs in Santa Clara, Calif., Boxborough, Mass., and Cranberry.
DFJ Esprit of the United Kingdom previously led a $23 million round of funding for Netronome in 2010.
The computer-chip design company was started in 2003 by former employees of Fore Systems Inc. and other Pittsburgh- area technology companies.
John D. Oravecz is a staff writer for Trib Total Media. He can be reached at 412-320-7882 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Hospital finances still crying ‘ouch’
- Rossi: Brawl for ADs between Pitt and WVU
- No tax increase for Everson next year
- Cezanne likely to attract bidders
- Fleury’s career-best 6th shutout lifts Penguins over Avalanche in overtime
- Normalville church performs Christmas play
- Trained teachers, staff to treat allergic students under Pennsylvania law
- Steelers must be creative in providing snaps for linebackers
- LaBar: Comparing NXT to WWE
- Time is of essence for Pitt in finding football coach, athletic director
- Youngwood fire department, recalling community’s help in dark hour, reaches out to homeless family