Woven Connects With $20M

October 2007
Red Herring;10/7/2007, Vol. 4 Issue 29, p12
Trade Publication
The article reports that high-performance switching startup Woven Systems has snagged $20 million in venture capital funding, allowing it to compete against market leader Cisco. Woven will use the funding to expand its sales force and ramp up its marketing strategy. The round was led by MDV-Mohr Davidow Ventures and included existing investors Goldman Sachs and Palomar Ventures. Santa Clara, California-based Woven offers 10-gigabit Ethernet switches designed for such businesses as web portals with heavily trafficked servers and data centers.


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