Silicon Access Networks Raises $39 Million

SAN JOSE, Calif., March 7 -- Silicon Access Networks announced it has secured $39 million from new and existing investors in its fourth round of funding. The investment will be used to continue the rollout of Silicon Access Networks iFlow Data Path Processing Platform, which includes the industry's only 20 gigabit-per-second network processor and a suite of coprocessors for address lookup, billing and statistics and packet classification.

Soros Private Equity Partners and Norwest Venture Partners co-led the round. New investors include Pilgrim Baxter, Van Wagoner Capital Management, Parker Price Venture Capital and Glynn Capital. Existing participating investors also include the Sprout Group, Tallwood Venture Capital and Synopsys. Morgan Stanley was the sole placement agent.

"Silicon Access Networks is well positioned to spearhead the networking industry's conversion from ASIC data path implementations to use of merchant network processor-based solutions," said Dado Banatao, chairman of the board of Silicon Access Networks.