VirtenSys collects $12 million Series A funding

Quoting from the Virtensys official announcement:

VirtenSys Ltd., a leading developer in the emerging and fast growing PCI Express? IO virtualization market, today announced the closing of a US$12 million first round of financing from a syndicate including Scottish Equity Partners (SEP), Celtic House Venture Partners (CHVP) and GIMV. SEP led the deal with SEP, CHVP and GIMV co-investing equally. The investment enables the Company to add to its team, complete its product development and generate initial revenues.

VirtenSys, a fabless semiconductor company, provides critical IO virtualization solutions to the data centers, storage and networking infrastructure markets.

VirtenSys was founded in December 2005, and has assembled an exceptional team of experts in semiconductor and system development across a wide range of protocols and technologies with background at ICL, Fujitsu, Power X and Xyratex. The majority of the team was most recently with the Integrated System Division of Xyratex…