# Chelsio Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chelsio-communications

- Industry: Semiconductors
- Headquarters: Sunnyvale, US
- Website: www.chelsio.com
- Total disclosed funding: $102M
- Latest round: Series F (Nov 16, 2009)
- Investors on record: 13

## About

Chelsio Communications specializes in high-performance Ethernet solutions, offering advanced network controllers and adapters that enhance data transfer speeds for cloud computing and high-performance computing applications.Founded in 1997 in Sunnyvale, US, Chelsio Communications focuses on Ethernet solutions, including 10Gb to 100Gb network controllers and adapters. The CEO, Kianoosh Naghshineh, has a background in technology innovation. Chelsio has raised a total of USD 17.00 mn through various funding rounds, with the most recent being a Series F round in November 2009 that garnered USD 17.00 mn from notable investors including Mobile Internet Capital and New Enterprise Associates.Chelsio provides a range of high-performance Ethernet solutions, primarily focusing on 10Gb, 25Gb, 40Gb, 50Gb, and 100Gb Ethernet network controllers and adapters, which are critical for cloud computing, storage, and high-performance computing (HPC) applications. These products enhance data transfer speeds and reliability, catering to industries that require robust data management, including media streaming and enterprise storage solutions. Notably, their network controllers have been integrated into Netflix Storage and Flash Appliances, highlighting their capability to handle large-scale data environments. Chelsio’s offerings target a diverse client base that spans various geographical markets, including North America, Europe, and Asia, and serve end users within technology, entertainment, and cloud service sectors.Chelsio generates revenue primarily through the sale of its Ethernet controllers and adapters, entering into transactions that typically follow a B2B model. These transactions may involve direct sales to enterprises or partnerships with system integrators and OEMs that incorporate Chelsio’s technology into their products. The company’s flagship products, integral to its revenue stream, include advanced network interface cards tailored for high-performance applications. Pricing structures vary based on product specifications and volume, catering to the needs of large enterprises and service providers. This transactional framework supports a steady revenue model through both one-time sales and potential long-term partnerships that may facilitate recurring business opportunities.Chelsio Communications plans to leverage recent funding from the USD 17.00 mn Series F round completed in November 2009 to expand its product offerings and market reach. The company aims to introduce new Ethernet products designed for emerging high-performance applications and extend its presence in international markets, particularly targeting regions in Asia by 2024. This strategic focus is expected to enhance its competitive positioning and support sustained growth.

## Funding rounds

- Series F, Nov 16, 2009, $17M — Invesco, New Enterprise Associates, Pacesetter Capital Group, Horizon Founders Capital, Mobile Internet Capital, Vedanta Capital, Patricia Industries, Abacus Capital, LSI Corporation, NTT Finance
- Series F, Sep 18, 2009, $9.3M — Invesco, New Enterprise Associates, Patricia Industries
- Series E, Dec 28, 2007, $25M — Invesco, New Enterprise Associates, Pacesetter Capital Group, Horizon Founders Capital, Patricia Industries, Abacus Capital, LSI Corporation, Hotung Investment Holdings
- Series D, May 23, 2006, $12M — Invesco, New Enterprise Associates, Hong Shan, Global Catalyst Partners, LSI Corporation
- Series C, Jan 10, 2005, $25M — Invesco, New Enterprise Associates, Pacesetter Capital Group, Hong Shan, Global Catalyst Partners, Horizon Founders Capital, Abacus Capital, Hotung Investment Holdings
- Series B, Oct 24, 2002, $14M — New Enterprise Associates, Pacesetter Capital Group, Global Catalyst Partners, Horizon Founders Capital

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C, Series D, Series E, Series F
- Pacesetter Capital Group (https://capitalatlas.ai/funds/pacesetter-capital-group) — Series B, Series C, Series E, Series F
- Global Catalyst Partners (https://capitalatlas.ai/funds/global-catalyst-partners) — Series B, Series C, Series D
- Horizon Founders Capital (https://capitalatlas.ai/funds/horizon-founders-capital) — Series B, Series C, Series E, Series F
- Invesco (https://capitalatlas.ai/funds/invesco) — Series C, Series D, Series E, Series F
- Hong Shan — Series C, Series D
- Abacus Capital (https://capitalatlas.ai/funds/abacus-capital) — Series C, Series E, Series F
- Hotung Investment Holdings (https://capitalatlas.ai/funds/hotung-investment-holdings) — Series C, Series E
- LSI Corporation — Series D, Series E, Series F
- Patricia Industries (https://capitalatlas.ai/funds/patricia-industries) — Series E, Series F
- Mobile Internet Capital (https://capitalatlas.ai/funds/mobile-internet-capital) — Series F
- Vedanta Capital (https://capitalatlas.ai/funds/vedanta-capital) — Series F
- NTT Finance — Series F