Inphi picks up $24 million

Inphi announced Monday that it raised $24 million in its second round of funding, bringing the high-speed telecom chipmaker's total funding to $36 million. Walden International led the round, and Dali Hook Partners participated; both were new investors in Inphi. Tallwood Venture Capital and Mayfield also contributed to the recent round; they also invested in the company's first round in December 2000. Inphi, based in Westlake Village, Calif., plans to use the funding to develop new technology and move toward volume deployment of its existing optical chip products. The company is working on chips for optical equipment that run at 10 gigabits per second (gbps), 40gbps and other speeds.