Zagros Networks Wins $9.7 Million in New Funding; New Capital to Fuel Marketing Infrastructure, Continued Technology Development.Business Editors/High-Tech Writers ROCKVILLE, Md.--(BUSINESS WIRE)--Oct. 23, 2002 Zagros Networks, a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. developing a new class of rate-aware switching fabrics, today announced the closing of an additional $9.7 million in Series B funding. The round brings total capital investment to approximately $16 million. Mohr, Davidow Ventures led the round with significant participation by Novak Biddle Venture Partners. Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. joined in the round as a strategic partner. Zagros will use the funds to expand its sales and marketing infrastructure and to bring to market its unique rate-aware switching fabrics for use in edge, storage and enterprise switching and routing platforms. "Zagros Networks technology clears the way for next-generation application deployment which require quality of service based packet networks," said Dr. Nariman Farvardin Nariman Farvardin is the Senior Vice President for Academic Affairs and Provost at the University of Maryland, College Park. Formerly the dean of the A. James Clark School of Engineering at the university, he succeeded William Destler as Provost in May, 2007. , chairman of the board of Zagros Networks and Dean of the Clark School of Engineering at the University of Maryland University of Maryland can refer to:
Zagros Networks rate-aware switching fabrics allow network system manufacturers to create next-generation switches and routers that provide a packet infrastructure that can reliably deliver all network traffic fast, dependably and efficiently under all conditions. Current technology requires expensive, complex traffic engineering and costly over-provisioning to deliver delay-sensitive applications such as Voice over IP (VoIP), Quality of Service (QoS) based virtual private networks (VPNs) and two-way videoconferencing over packet networks -- resulting in escalating operations, administration and maintenance expense plus costly over-provisioned network architectures. To solve these problems, Zagros Networks is developing the industry's first "rate-aware" switching fabric, which provides the ability to provision, measure, control and monitor bandwidth in packet networks. The company's unique rate-aware scheduling algorithm A method used to schedule jobs for execution. Priority, length of time in the job queue and available resources are examples of criteria used. enables network system manufacturers to build platforms that can deliver the attributes of connection-oriented circuit switching A networking technology that provides a temporary, but dedicated, connection between two stations no matter how many switching devices the data are routed through. Circuit switching was originally developed for the analog-based telephone system in order to guarantee steady, consistent in the connectionless packet world enabling their customers to deploy profitable networks with significant reduction in total cost of ownership. "Zagros Networks is strategically positioned to benefit from manufacturers' increasing abandonment of application specific integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. (ASICs) that are developed in-house in favor of merchant silicon for critical components such as switching fabrics," said Farvardin. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent Merrill Lynch report, the market for this switching fabric is expected to grow to $1.5 billion(1) by 2006. CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Corp. estimates an 85.6% CAGR CAGR See: Compound Annual Growth Rate in merchant switch fabrics by 2005(2). "The telecommunications industry will transition from selling bandwidth to selling higher level services," said Michael Sheridan, General Partner at Mohr, Davidow Ventures. "In Zagros we saw a seasoned team that has considerable expertise in networking, systems, semiconductors, and has developed technology that enables this transition." About Zagros Networks Zagros Networks is a fabless semiconductor company headquartered in Rockville, MD focused on building silicon and software solutions for next generation metro and edge communications systems. The company is fundamentally changing the way system OEMs are designing their next generation platforms by providing the industries first guaranteed bandwidth crossbar switching fabric and a unique software environment to leverage the power of this globally aware architecture. Eight patents are pending or in process for the core intellectual property that enables the ability to guarantee bandwidth, controlling latency, provide interflow In`ter`flow´ v. i. 1. To flow in. isolation, perform intelligent rate management and enable dynamic link provisioning. For more information, visit www.zagrosnetworks.com. EDITORS NOTE: Research Sources are as follows for Market Data: (1) - Merrill Lynch "Communications for Semiconductors 4.0", March 2002 (2) - CIBC World Markets "Communication ICs - Against the ropes but not down for the count", August 2001 |
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