New Enterprise Associates related stories
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- Dell Buys Force10 Networks
Dell is buying data center networking company Force10 Networks, which has a lengthy list of venture investors including New Enterprise Associates, Crosslink Capital, U.S. Venture Partners, Morgenthaler Ventures and Worldview Technology Partners. No terms of the deal were released. According to a press release, Force10 is a $200-million company, based on trailing 12 months revenue. Force10 was founded in 1999 and is based in San Jose, Calif.
- CloudFlare Seals $20M Series B
San Francisco-based CloudFlare has raised $20 million in Series B financing. New Enterprise Associates led the round, with participation from existing shareholders Venrock and Pelion Venture Partners. CloudFlare’s technology is designed to help web sites run faster, and to protect sites from attacks. The company will use the new financing to expand its team and its infrastructure. Scott Sandell, a general partner with NEA, joined the company’s board as a result of the round.