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Cavium lands $15.5 million second round

Cavium closed its second round of funding with $15.5 million, the telecom chipmaker announced Wednesday, bringing its total funding to $23.5 million. The round was led by Menlo Ventures, which gains a seat on Cavium's board of directors, and included contributions from previous investors Alliance Ventures and Diamondhead Ventures. Cavium makes networking chips for routers, switches, servers, computer-data storage gear and VPN (virtual private network) equipment. The company made its first chip samples in March and announced a design partnership with communications chipmaker Advanced Micro Circuits in December. Cavium closed its first round last July with participation from Alliance, Diamondhead, Beachhead Capital, Appleseed Partners and other investors.

Cavium closed its second round of funding with $15.5 million, the telecom chipmaker announced Wednesday, bringing its total funding to $23.5 million. The round was led by Menlo Ventures, which gains a seat on Cavium's board of directors, and included contributions from previous investors Alliance Ventures and Diamondhead Ventures.

Cavium makes networking chips for routers, switches, servers, computer-data storage gear and VPN (virtual private network) equipment. The company made its first chip samples in March and announced a design partnership with communications chipmaker Advanced Micro Circuits in December. Cavium closed its first round last July with participation from Alliance, Diamondhead, Beachhead Capital, Appleseed Partners and other investors.