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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.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
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.