Tech Company Financing Transactions
Silverback Systems Funding Round
On 3/31/2003, Silverback Systems raised $15 million in Series C funding from Gemini Israel Funds, JPMorgan Partners and Newbury Ventures.
Transaction Overview
Company Name
Announced On
3/31/2003
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series C
Investors
Proceeds Purpose
The funding signifies a strong vote of confidence in Silverback Systems and for the continued development of IP-centric networked storage. It also validates Silverback's core value proposition---that for IP-based Storage to deliver on its potential, a new breed of processor is required.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
655 Campbell Technology Parkway 150
Campbell, CA 95008
USA
Campbell, CA 95008
USA
Phone
Website
Email Address
Not Recorded
Overview
Silverback Systems designs, manufactures, and markets network acceleration processors featuring innovative iSNAP architecture that enables and accelerates storage over Ethernet fabric with a focus on providing true network convergence for SAN, NAS and LAN and the leading price/performance value in the networking market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ahmet Houssein
Browse more venture capital transactions:
Prev: 3/31/2003: Leapstone Systems venture capital transaction
Next: 4/1/2003: Syntricity venture capital transaction
Share this article
Where The Data Comes From
We report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs