INDUSTRY

King of Prussia, PA – InfiniCon Systems, the premier provider of shared I/O and switching solutions for next-generation server networks, today announced that it has secured an additional $15M in Series C funding. The company’s third funding round was led by Bay Partners and included investors from prior rounds – ARCH Venture Partners, W Capital Partners, and A.G. Edwards Capital – as well as new investors, including Chevron Technology Ventures LLC. Founded in June 2000, InfiniCon Systems has developed the industry’s most complete high-performance networking and I/O solutions based on the bandwidth-rich, low-latency InfiniBand‚ Architecture. InfiniCon’s infrastructure technology – which enables servers to communicate at 10Gbps and share I/O connectivity across multiple network types – is key to enabling emerging IT trends such as high performance clustering, clustered database implementations, fabric/grid computing, and datacenter virtualization. "With our recent round of funding, InfiniCon Systems is exceptionally positioned to provide the technology on which next-generation computing models will be built to extract new levels of performance, resource utilization, and cost reduction," stated Charles Foley, CEO and Chairman of InfiniCon Systems. "This financing is also a statement as to the traction that InfiniBand as a technology has seen in the market recently, as well as InfiniCon’s market vision and execution in delivering the distinct advantages that only InfiniBand brings to enterprise data center networking." InfiniCon’s Series C funding raises the total investment in the company to $48 million. Bay Partners also led InfiniCon’s $26M Series B round in February 2002. The new funds will be used to bolster research and development for the award-winning InfinIO‰ product family, expand sales channels, and accelerate marketing programs. "Since its inception, InfiniCon Systems has demonstrated matchless capability to exploit the full benefits of InfiniBand and produce technology with compelling business value for the end-user and server/storage vendor community alike," noted Loring Knoblauch, General Partner, Bay Partners. "We believe the company is poised to expand market penetration significantly and play the leading role in supplying infrastructure for the deployment of next-generation networks." In August 2003, InfiniCon built upon the success of its InfinIO family of shared I/O and clustering solutions with the introduction of the InfinIO 3000 Switch Series. Targeting the requirements of scalable HPC and database clustering environments, the InfinIO 3000 Series packs thirty-two 10Gbps InfiniBand ports into 1U of rack space – making it the most powerful and dense switching solution available. It is also the only InfiniBand switching solution to offer Ports on Demand (POD‰) technology, a feature that lets users pay for InfiniBand fabrics as they scale them.