Netronome Secures $19 Million in Series E Financing

  Netronome Secures $19 Million in Series E Financing

Business Wire

SANTA CLARA, Calif. -- April 18, 2013

Netronome, a fabless semiconductor company and the leading developer of flow
processors, announced today that it has raised $19 million in series E and
related financing from Sourcefire, Intel Capital and existing investors DFJ
Esprit and the Raptor Group.

Netronome will use the funds to expand their software and customer engineering
organizations to support rapidly growing design-wins in cyber-security,
software-defined networking and mobile networking applications. The new wins
are based on their recently disclosed next-generation flow processor line, the
NFP-6xxx, being built using Intel’s state-of-the-art 22nm 3D tri-gate
technology.

“The customer demand following the disclosure of our newest sixth generation
200 Gbps flow processors has been larger than even we anticipated,” said
Howard Bubb, CEO at Netronome. “We welcome the investment by Sourcefire and
strategic engagement by Intel as they represent valuable relationships to
Netronome at both ends of our business.”

Keith Larson, vice president of Intel Capital commented, “Intel Capital is
pleased to support the growth of Netronome’s business and its relationship
with Intel.”

Powered by 96 packet processing cores, 120 multi-threaded flow processing
cores and over 100 hardware accelerators, Netronome’s NFP-6xxx brings
breakthrough performance to a broad range of network, security and content
processing applications used in 10-400 Gbps network designs.

“Our FirePOWER™ platform, based on designs that feature Netronome and Intel,
has been consistently rated by independent third-party labs among the best in
the industry in terms of performance, security effectiveness and total cost of
ownership,” said Todd Headley, chief financial officer at Sourcefire. “This
investment strengthens our relationship with Netronome and ensures strategic
alignment asNetronome’s 22nm flow processors and othernew technologies are
developed."

“2012 saw Netronome continue to deliver outstanding growth in revenue and
customer design wins,” said Robert Sansom, newly-appointed board chairman for
Netronome. "This round of financing will provide the resources necessary to
take the company to profitability.”

Supporting Resources

For the latest information on flow processors, follow Netronome  on  Twitter 
@Netronome,  Facebook  and  LinkedIn.

About Netronome

Netronome is a fabless semiconductor company and leader in flow processing.
Netronome’s solutions include flow processing silicon, software, tools and
acceleration platforms that scale from 1 to 400 Gbps. They are used by
networking equipment OEMs worldwide in carrier‐grade and enterprise‐class
communications products that require deep packet inspection, flow analysis,
content processing, virtualization and security. Netronome’s flow processors
are supported by comprehensive tools and a broad ecosystem of premier
partners. Netronome’s products are developed in labs in Santa Clara, CA,
Boxborough, MA and Pittsburgh, PA. For more information on Netronome’s
products and technology, visit www.netronome.com.

Contact:

Mindshare PR
On behalf of Netronome
Heather Fitzsimmons, 650-800-7160
heather@mindsharepr.com
or
Netronome
Jennifer Mendola, 724-778-3290
Marketing Communications Manager
jennifer.mendola@netronome.com
 
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