Credo, a global innovator in high performance, low power serial connectivity technology, today announced the company has closed a Series D Preferred financing round of $100 million. Funds and accounts managed by BlackRock led the round. Credo says it will use the funding to accelerate commercialization of its breakthrough 400 Gbps and 800 Gbps connectivity technology for the hyperscale data center and 5G carrier markets.
“I am thrilled to be joined by a world-class group of investors supporting the continued growth of Credo’s business,” said Lip-Bu Tan, chairman, Walden International and founding managing partner of WRVI Capital. "The company’s increasing number of tier one customers and partners indicate Credo has executed on delivering industry leading high-speed serial connectivity solutions and has an impressive roadmap for future success."
Credo notes that its products have been adopted and implemented by leading data centers, networking OEMs and ODMs, and optical transceiver manufacturers. The company has pioneered the development and deployment of HiWire active electrical cable (AEC) technology, and is a founding member of the HiWire Consortium (www.hiwire.org).
The plug-and-play HiWire AECs are designed deliver the simple functionality and speed of optical cables without the expense and high energy draw of optics. Built-in re-timing and fully equalized signals make the HiWire AEC a high-performance alternative to the risk and hassles of DAC designs for in-rack and mid-tier interconnects, contends Credo.
“Since its inception, Credo has worked to develop industry-leading serial connectivity solutions. The solutions meet the demanding needs of the highest bandwidth communications end-markets and accelerate the transition to next-generation platforms in those markets. Raising $100M in this round of funding with support from new and existing investors puts us in a very strong position,” commented Bill Brennan, CEO of Credo. “This enables us to accelerate deployment of our current 400 Gbps products, as well as to extend our high-speed connectivity leadership with next generation 800 Gbps solutions.”
For more information, visit: https://www.credosemi.com.