FOR IMMEDIATE RELEASE
ClariPhy Communications Closes $8
Million Series A Financing Round
Irvine, Calif., November 9, 2004 – ClariPhy Communications, a fabless
semiconductor company specializing in high-speed communications ICs, announced
today that it has secured $8 million in Series A
financing. The company expects to use the proceeds to staff its engineering
team and to develop its first family of silicon products, which target
10-Gbit/s optical networks for enterprise applications.
The Series A financing was led by Norwest
Venture Partners (NVP), with Onset Ventures and Allegis Capital also
participating. Robert Abbott of NVP, Susan Mason of Onset, and Jonathan Funk of
Allegis have joined the company’s board of directors, which includes Dr. Paul
Voois (CEO), Dr. Norman Swenson (CTO), and Dr. John Cioffi, Professor of
Electrical Engineering at Stanford University.
“I am thrilled to join forces with Norwest, Onset, and Allegis, who bring
to ClariPhy strong financial resources and deep experience in the semiconductor
and networking industries,” said Dr. Voois.
“With their support, we will continue to build our engineering expertise
in the areas of analog IC design and signal processing, and we will bring our
first family of 10-Gbit/s PHY chips to market.”
“We believe ClariPhy will dramatically improve price performance of
10-Gbit/s links, presenting a huge market opportunity in the data center and
the enterprise,” said Robert Abbott of Norwest Venture Partners. “We were also
impressed with the founding team’s knowledge and experience around high speed ICs and its ability to assemble the best 10G team
in the industry.”
About ClariPhy Communications
ClariPhy Communications, Inc. is a fabless semiconductor company that designs
and markets complex physical-layer products (ICs) for
high-speed communications. ClariPhy's initial products, which target 10-Gbit/s
optical networks in the enterprise market, significantly lower the cost of
10-Gbit/s optical modules while enabling the reuse of the large installed base
of multi-mode fiber (MMF). As a result, these products will enable enterprise
network users to seamlessly and cost-effectively upgrade their MMF
infrastructure to 10-Gbit/s. Founded in 2002, ClariPhy
Communications is headquartered in
COMPANY CONTACT:
Jagannathan Bharath
ClariPhy
Communications
(949) 861-3074 - Ext.
217
jbharath@clariphy.com