Tuesday, May 31, 2016

Qualcomm, Greylock Back Innovium On Networking Semiconductors

Two, Southern California investors--Qualcomm Ventures and Greylock Partners--have backed San Jose-based Innovium, on its efforts to develop semiconductors for the next generation, data center market, Innovium revealed this morning. Innovium said the funding included both undisclosed Series A and Series B funding rounds, both completed in 2015. The Series A came in the first quarter of 2015, from Walden Riverwood Ventures and Capricorn Investment Group, with participation from S-Cubed Capital and Qualcomm Incorporated (via Qualcomm Ventures). The company said the Series B included the same investors, but a lead from Greylock. Specific breakdown of the two investments was not announced. Innovium also says its founding team includes people who previously were at Caltech. More information »

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