C-Port Corporation Secures Second Round of Venture Financing.NORTH ANDOVER North Andover (ăn`dōvər), town (1990 pop. 22,792), Essex co., NE Mass., on the Merrimack River, in a dairy and farm area; settled c.1644, set off from Andover and inc. 1855. , Mass.--(BUSINESS WIRE)--July 6, 1999-- Funding for communications platform start-up company start-up company A new business. now totals $28 million from leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] in Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. , and Silicon Valley C-Port(tm) Corporation, the pioneering communications platform company, today announced that the company has secured a $19 million second round of venture financing. This second round includes a lead investment from Amerindo Investment Advisors as well as funding from its initial investors -- Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon , Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , and Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures. "We view this level of commitment from both our initial and new investors as an endorsement of C-Port's clear differentiation in the rapidly evolving network IC market," said Larry Walker, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of C-Port. "We intend to continue leading the market by offering network OEMs a distinctly better way to develop innovative, high-performance products in Internet time." C-Port will use the funding to support the company's rapid growth. In the last quarter alone, the company announced its first products - the C-Ware Development System and the C-Ware Software Toolset - and attracted eight leading-edge hardware and software companies to its C-Ware Partner Program. Although many companies have announced plans to develop products that are loosely termed "network processors," C-Port remains the only company providing a complete, open communications platform. This platform approach offers network OEMs key advantages as they work to bring innovative, high-performance products to market quickly. For example, the C-Ware platform features a family of full-custom micro-multiprocessors that provide both wire-speed performance and full programmability in the familiar C language. C-Ware also offers a robust set of software interfaces, called Communications Programming Interfaces (CPIs) that simplify development and provide compatibility across generations of communications processors. In addition, the C-Ware platform includes a comprehensive set of industry-standard tools and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services that enhance developers' productivity in the design, development, debugging, and performance tuning of communications products. About C-Port C-Port Corporation is a privately held startup company focused on radically improving the networking industry's ability to develop, deploy, and provision communications services. Combining expertise in full-custom microprocessors, networking, and software development tools, C-Port's unique team offers the industry's first communications platform, called C-Ware(tm). The C-Ware(tm) platform enables vendors to develop high-speed networking products quickly and cost-effectively, shrinking their development cycles and freeing them to concentrate on delivering innovative features and services for their enterprise and service provider customers. For more information on C-Port, visit our web site at www.cportcorp.com. Customers interested in additional information can contact C-Port sales at 978-773-2368, or send e-mail to sales@cportcorp.com. Note to Editors: C-Port, the C-Port logo, C-Ware Partner, and C-Ware are trademarks of C-Port Corporation. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion