Ottawa, Canada / Scotts Valley, California–Solidum Systems Corp., a fabless semiconductor company and leader in wirespeed packet processing technology, today announced that it has secured US$16.5 million in financing. The financing will help Solidum expand its packet classification product family, grow the engineering and operations team, and also provide working capital to establish volume revenue streams from key customers.
The investment was led by Vertex Management Israel and included strategic investment from Intel Capital. Nomura International also participated in the round as a new investor, together with existing investors Business Development Bank of Canada, Formula Growth Fund, Lawrence & Co., and Skypoint Capital.
“We are pleased with this investment, which allows us to expand all areas of our development team with emphasis on ASIC, FPGA, software and applications engineers,” said Richard White, President and CEO of Solidum. “We will also build on our operations force as we grow our network of strategic partners and lead customers.”
Solidum develops products that enable wirespeed classification of data packets for OEMs. Solidum’s classification co-processors are capable of processing policies consisting of thousands of rules while maintaining packet integrity at data rates of 10 Gigabits per second. The company’s patented approach to advanced packet classification directly implements policies, protocols, and data patterns described using PAX PDL, a language that Solidum has opened to the industry.
“Intel Capital invests in companies, such as Solidum, with innovative solutions to create the next generation network,” said Tony Stelliga, General Manager of Intel’s Optical Division. “Solidum is helping define the field of packet classification technology, and we look forward to working with Solidum in this growth area.”