Interactive Silicon announced on Monday it received a $12.9 million third round of funding, led by Castletop Capital--co-founded by former Dell Computer Vice Chairman Mort Topfer--and Techno Venture Management. Also participating were Austin Ventures, Band of Angels Fund, Convergent Investors, Dell, Dieckell Vermogensverwaltungs, Siemens Venture Capital and Technology Associates Management. Austin, Texas-based Interactive Silicon, which has raised a total of $19.4 million, is developing technology to compress data when accessing, transmitting or storing data. The company plans to initially target the server market when it launches its technology later this year.
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