Hyperchip Inc., which dubs itself as "The Petabit Routing Company," said it has gained $70 million in Canadian funds in its fourth round of financing. The round included a CDN$50 million loan from Investissement-Quebec.
Hyperchip, which is based in both Montreal and Dulles, Va., said TechnoCap led the round, which also included investments from Vertex Technology Fund, Advent International, Optical Capital Group, JT Ventures, Artemis and Pilgrim Baxter.
With the latest round, Hyperchip said it has raised a total of CDN$220 million.
This new funding strengthens Hyperchip as the company continues trials with leading international carriers and prepares to commercialize its carrier-class core router that scales from tens to millions of gigabits per second of capacity, officials said.
The cash will also help the company bring its product to market, said Brian Barry, Hyperchip's chief executive officer. "Carriers around the world are telling us that they are experiencing significant growth of their Internet traffic, and that they are looking for a new breed of high-performance core router that can cost-effectively grow with their networks," Barry said. "They also want core routers that offer the performance, reliability and flexibility of their legacy carrier-class circuit switches so they can generate new revenues from their IP networks by improving the quality and diversity of their service offerings."
Hyperchip said its routers are compatible with existing network architectures, reducing operating and capital costs while delivering the bandwidth necessary to support high-revenue services. Hyperchip's carrier-class technology scales upward to route approximately 1,000 times more Internet traffic than today's solutions, eliminating the need for costly forklift upgrades for network operators.
Images
