Innovium Gets $50M For Data Center Networking Chips

San Jose-based Innovium, a developer of semiconductors aimed at use in enterprise, networking infrastructure for the next generation, data center market, has raised $50M in a funding round, the company said today. The funding included a Series A in the first quarter of 2015, and a Series B which occurred late last year. The Series A came from Walden Riverwood Ventures and Capricorn Investment Group, with participation from S-Cubed Capital and Qualcomm Incorporated, and the Series B was led by Greylock, with the others also participating. Innovium is led by Rajiv Khemani, and says its founders have experience from Broadcom, Cavium, Cisco, Dell, Ericsson, Intel and Juniper. More information »