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Intel spin-off raises $13 million

Intel spin-off Tarari made its debut Wednesday and announced a $13 million initial round of funding. The San Diego-based company, spun off from Intel's Network Processing Group, received the funding from Crosspoint Venture Partners and XMLFund, with Intel holding an equity investment in the company. Tarari will make specialized chips designed to speed up network-based software applications used in network security and Web services.