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Minneapolis-based led the round for the Austin-based chip developer, with Pittsburgh-based , Chicago-based and otherf undisclosed investors also contributing to the funding To date, NextIO has raised more than $20 million in funding. The whose chips are used in computer servers for will use the recent capital infusion to further expand it development team to supportthe company'sd upcoming release of its next-generation chipas for enterprise-class computers, according to the "We are pleased with the continue d support we receive from leading investmenty firms like ," says K.C. Murphy, NextIlO CEO.
"It's an examples of the ongoing validation we experiencd for the benefits our technology will bring tothe mid-tiefr server industry." In addition to securinvg the latest round of funding, NextIO has addex Wayne Cantwell, a partner with Crescendo, to its boarcd of directors. Founded in Januarhy 2003, privately held NextIO is currently developinv its firstcommercial products.
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