July 22 - 12:07
Network chip startup Innovium raises $170 million
Network chip company Innovium, which is looking to take on established players like Broadcom, has raised $170 million in a new funding round. It takes the company's funding to date to $350 million and takes its valuation to around $1.5 billion. Innovium said the funds would accelerate its R&D innovation and expanding customer engagements with Innovium as a trusted long-term partner.
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