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IP Infusion reels in $14.7 million

IP Infusion closed a $14.7 million third round of funding, bringing the chip software maker's total financing to $20.4 million since the company started in 1999. The round was co-led by Formative Ventures in the United States and by ImGO Limited in Hong Kong, which is an investment holding company owned by Investor AB, Ericsson, Hutchison Whampoa and the Guoco Group. Other investors included the Intel Communications Fund and Wilson Sonsini Investments. The company makes software for networking chips used by telecom gear manufacturers. The software runs on IP (Internet protocol), the standard that virtually all communication over the Internet is based on. IP Infusion also makes products for Internet Protocol version 6 (IPv6), a newer technology that has gained acceptance in the industry as the limitations of older networking technology become apparent.

IP Infusion closed a $14.7 million third round of funding, bringing the chip software maker's total financing to $20.4 million since the company started in 1999. The round was co-led by Formative Ventures in the United States and by ImGO Limited in Hong Kong, which is an investment holding company owned by Investor AB, Ericsson, Hutchison Whampoa and the Guoco Group. Other investors included the Intel Communications Fund and Wilson Sonsini Investments.

The company makes software for networking chips used by telecom gear manufacturers. The software runs on IP (Internet protocol), the standard that virtually all communication over the Internet is based on. IP Infusion also makes products for Internet Protocol version 6 (IPv6), a newer technology that has gained acceptance in the industry as the limitations of older networking technology become apparent.