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Tech Industry

Chipmaker Velio raises $45 million

Chipmaker Velio Communications said Monday it has raised a $45 million third round of funding, which was led by Redpoint Ventures. Previous investors Sequoia Capital, Institutional Venture Partners, Global Catalyst Partners, Capital Research Group and HarbourVest Partners also participated in this round. Milpitas, Calif.-based Velio has raised a total of $95 million and received a slight increase in valuation with this latest round. The company makes chips for the broadband optical equipment market. Velio?s chips are designed to allow customers? equipment to handle increases in data traffic over their networks. See complete list.

Chipmaker Velio Communications said Monday it has raised a $45 million third round of funding, which was led by Redpoint Ventures. Previous investors Sequoia Capital, Institutional Venture Partners, Global Catalyst Partners, Capital Research Group and HarbourVest Partners also participated in this round. Milpitas, Calif.-based Velio has raised a total of $95 million and received a slight increase in valuation with this latest round. The company makes chips for the broadband optical equipment market. Velio?s chips are designed to allow customers? equipment to handle increases in data traffic over their networks.

See complete list.