Xelerated speeds NPU line up with another $12.5 million

Xelerated speeds NPU line up with another $12.5 million
LONDON — Network processor start-up Xelerated has raised $12.5 million from Atlas Venture, Alta Partners and Startupfactory in a new round of financing. The funding will be used to develop the next generation of products and for sales and marketing of the Xelerator X10q range launched earlier this year.

To date, the company has raised a total of $26 million.

Earlier this year, Xelerated announced it would shift its focus from a Sonet only strategy to a line-up that supports both Sonet and Gigabit Ethernet applications.

"I see Xelerated as one of the potential winners in the network processor industry," commented Eric Mantion, at market research group In-Stat/MDR. "Xelerated's data flow approach has made network processors a viable solution for the high-volume accounts now emerging in the enterprise backbone, metro and optical edge segments."

Sven-Christer Nilsson, chairman of Xelerated, founder of Startupfactory and former CEO of Ericsson, said "Xelerated's customer projects have confirmed that there is a volume market for highly efficient, programmable network processors."

The company claims its data flow architecture means its processors are more efficient and powerful than competing parts since there is no need for complex inter-processor interconnections or redundant data and instruction storage.