Bivio Networks secures $15.8 Million in funding
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Pleasanton: Bivio Networks, a player in networking systems for deep packet inspection (DPI) enabled applications and services essential for network security, has secured $15.8 million in funding, led by Silver Creek Ventures. In addition, ITOCHU Corporation, ITOCHU Techno-Solutions Corporation (CTC), and Cross Technology Partners joined existing investors, including InterWest Partners, Storm Ventures, Venrock Associates and Goldman Sachs, that have reinvested in the current round. Bivio Networks is experiencing record growth in shipments of its product line, meeting demand for DPI platforms that deliver the foundation for next-generation network infrastructure, claims a company press release. "This investment is indicative of Bivio's continued market momentum and demonstrates the industry's demand for a platform that enables a new era of advanced networking," said Dr. Elan Amir, CEO of Bivio Networks. Funding will be used to accelerate global sales, expansion of operations and continued product development. It will also drive the expansion of Bivio's world-wide marketing and business development efforts, including advancement of its technology and channel partner program initiatives. "Silver Creek is committed to supporting companies that deliver innovative offerings which meet critical market needs," said Mark Masur, General Partner at Silver Creek Ventures. Bivio experienced record growth in 2007 which has continued in 2008, sustained by rapid growth of the Bivio 7000 series that delivers the industry's most powerful packet processing platform for the first true 10 Gbps deep packet processing solution.

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