Hyperchip raises $70 million to commercialize carrier-class core router
Summary
Lead investor TechnoCap was joined by Vertex Technology Fund, Advent International, Optical Capital Group, JT Ventures, Art\xe9mis and Pilgrim Baxter. The new funding strengthens Hyperchip as the company continues trials with international carriers and prepares to commercialize its carrier-class core router that scales from tens to millions of gigabits per second of capacity, claim company representatives. "Our new funding gives us the financial support required to bring our innovative solution to market," explains Brian Barry, Hyperchips Chief Executive Officer. "Carriers around the world are telling us that they are experiencing significant growth of their Internet traffic, and that they are looking for a new breed of high-performance core router that can cost effectively grow with their networks," he adds. "For more information about Hyperchip (Montreal and Dulles, VA), visit the companys Web site at www.hyperchip.com.
Funding
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