Innovium has revealed it raised a total of more than $50m in series A and B funding last year, with Qualcomm Ventures participating in both rounds.
US-based networking technology developer Innovium announced yesterday that it has raised more than a combined $50m in its series A and B rounds, both backed by semiconductor manufacturer Qualcomm.
Both rounds were raised last year but remained undisclosed until now. Innovium has not revealed financial details about the individual rounds though it confirmed that both were oversubscribed.
Qualcomm Ventures, the corporate venturing subsidiary of Qualcomm, took part in a series A round in early 2015 alongside S-Cubed Capital. The round…
