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Tech Industry

PetaSwitch reels in $4 million

Chip designer PetaSwitch said Tuesday it raised a $4 million first round of funding. Wasserstein Ventures led the round and Draper Fisher Jurvetson also participated. Both venture firms will receive a seat on PetaSwitch's board. The San Jose, Calif.-based company designs chips for metropolitan and wide area networks. See complete list.

Chip designer PetaSwitch said Tuesday it raised a $4 million first round of funding. Wasserstein Ventures led the round and Draper Fisher Jurvetson also participated. Both venture firms will receive a seat on PetaSwitch's board. The San Jose, Calif.-based company designs chips for metropolitan and wide area networks.

See complete list.