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TeraChip raises funds for expansion program

Posted: 07 May 2002 ?? ?Print Version ?Bookmark and Share

Keywords:switch fabric silicon?

TeraChip, a developer of switch fabric silicon, has secured an investment of $11 million from Accel Partners and Benchmark Capital. TeraChip has raised a total of $15.5 million since 2000, following an earlier investment by Benchmark Capital of $4 million in mid-2001.

With this funding, TeraChip will move its headquarters to the San Francisco Bay Area later this year, and plans to recruit senior marketing, sales and applications professionals in the company's U.S. headquarters. TeraChip will also recruit senior design engineers to its development center in Israel.

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