SiberCore Technologies, founded in 1998, is a leading developer of high-value Application Specific Standard Products (ASSPs) for advanced hardware-based switching and routing platforms in the Information Technology and Internet industries. The company's focus on designing high-speed, high-capacity packet forwarding engines utilizing Content Addressable Memories (CAM technology) addresses the performance bottleneck in network routing table look-up functions. This is particularly relevant due to the surge in data communication traffic and the global roll-out of fiber optics and DWDM, which have shifted congestion points to the Routers and Switches interfacing with these infrastructures. The latest significant investment for SiberCore Technologies was a $20.00M Series D funding round on 18 December 2002, with participation from notable investors including Celtic House Venture Partners, VGPartners, McLean Watson Capital, Ventures West Management, and the Business Development Bank of Canada. The company's pioneering technical team, with a track record of design excellence at Nortel Networks, along with experienced executives across all functional areas, positions SiberCore as a promising player in the evolution of intelligent, hardware-based switching and routing for next-gen networks.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | $20.00M | 5 | VenGrowth Asset Management, Business Development Bank of Canada | 18 Dec 2002 |
Series C | $5.00M | 2 | Cowen Group | 26 Jun 2001 |
Series C | $30.00M | 10 | Xilinx, TAL Global Asset Management +2 | 28 Mar 2001 |
Series B | $12.50M | 6 | TransPacific Venture Partners, CIBC World Markets +1 | 11 Apr 2000 |
Series A | $5.00M | 4 | Business Development Bank of Canada | 27 Sep 1999 |
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