Centillion Networks begins 1995 on a high note; Receives hot product award and second round funding.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 9, 1995--Capping off a successful 1994, Centillion cen·til·lion n. 1. The cardinal number equal to 10303. 2. Chiefly British The cardinal number equal to 10600. Networks announced that it has received Data Communication's 1995 Hot Product of the Year award and $6.3 million in second round funding. Data Communication's Hot Product Awards are given to products that significantly advance the state of the networking industry. The Speed Switch 100, an ATM-core LAN switch A network device that cross-connects clients, servers and network devices. Also known as a "frame switch," stand-alone LAN switches are common in all Ethernet networks. A four-port switch is also typically built into a wired or wireless router for homes and small business (see wireless , is a winner in the internetworking category. Since beginning production shipments in November 1994, demand for the Speed Switch has continued to exceed expectations, validating Centillion's belief that Token Ring/ATM switching is a vibrant market. Delivering a ground-breaking product with its first round funding, Centillion has received second round funding in the amount of $6.3 million. All of the initial Centillion investors, Accel Partners, Institutional Venture Partners and Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. , contributed to second round funding. An additional investment was made by the Mayfield Fund Mayfield Fund is a venture capital firm located on Sand Hill Road in Menlo Park, California, home to many of Silicon Valley's leading venture capital firms. Mayfield was founded in 1969 by Tommy Davis, one of the first venture capitalists. . The new funding will strengthen Centillion's continued product development and enable expansion of the sales and service organization. "1994 was an exceptional year for Centillion. We were able to meet our goal of shipping a low-cost backbone switch that improves the performance of installed Token Ring networks A LAN access method that uses the token passing technology in a physical ring. Each station in the network passes the token on to the station next to it. Token Ring and FDDI LANs use the token ring access method. See Token Ring, FDDI and token passing. and enables users to transition to ATM with little or no infrastructure change. "During 1995, we will focus on expanding the integrated multi-LAN and ATM capabilities of the Speed Switch," said Bobby Johnson
Bobby Johnson (b. Columbia, South Carolina) is the head football coach at Vanderbilt University. He became the Commodores' coach in December 2001 after leading Furman University to the Division I-AA national championship game. , Centillion's president and chief executive officer. Founded in September 1993, Centillion Networks Inc. develops, manufactures and markets high-performance networking products that allow information-intensive organizations to optimize optimize - optimisation their existing local area network infrastructure while providing an evolutionary path to ATM. Centillion products are marketed to network managers and planners in Fortune 500 and Service 100 companies, large learning institutions and state and local governments worldwide. -0- Note to Editors: Speed Switch is a trademark of Centillion Networks Inc. CONTACT: Centillion Networks Inc. Drusie Demopoulos, 415/969-6700, x136 |
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