Scintera Snags $9.5M Series B

Scintera Networks, a San Jose, Calif.-based fabless semiconductor startup, announced last week that it has raised a $9.5 million Series B round from Kleiner Perkins, with previous investors August Capital and Sevin Rosen participating.

The firm has raised $17.5 million to date with the latest round.

The company, founded in 2001 by CEO and President Abhijit Phanse, develops high-speed semiconductor ASIC integrated circuits for signal processing, in the 10 Gigabit bandwith range.

Phanse previously led high-speed Internet semiconductor design efforts at National Semiconductor

Unlike the more crowded 802.15.3 space of personal local area networks, Scintera’s products are for enterprise suppliers, metropolitan area network equipment providers and storage area network companies.

Scintera’s market space is populated by a few VC backed startups, including Big Bear of Sunnyvale, Calif., which raised a $18 Million Series C round in November 2003 from Menlo Ventures, Accel Partners, Austin Ventures, Oak Investment Partners and Sequoia.

Another startup is U.K.-based Phyworks, which raised $13.3 million last September from Advent Venture Partners and Atlas Venture.

Each of the three startup companies are developing semiconductor products that they hope to sell to companies, such as Cisco Systems or Nortel Networks, which will then supply systems to storage network companies to upgrade the throughput of their fiber optic networking equipment.