Barefoot Networks has received $23m from investors including Alibaba and Tencent to take its Google-backed series C round to $80m and its total funding to $130m.
E-commerce firm Alibaba and internet group Tencent co-led a $23m investment in US-based switching chips producer Barefoot Network on Tuesday that increased its series C round to $80m.
Internet technology provider Google co-led the $57m first tranche of the round with investment bank Goldman Sachs’ Principal Strategic Investments unit earlier this year, investing together with Sequoia Capital, Lightspeed Venture Partners, Andreessen Horowitz and four unnamed strategic investors.
Barefoot, which emerged from stealth in June 2016, has developed what it…