Chelsio Communications raises $25M Series C

Chelsio Communications Inc., a provider of 10-gigabit Ethernet server adapters with protocol acceleration technology, said it has raised $25 million in its Series C round. The flat round, which closed in January, keeps the company's post-money valuation at between $60 and $75 million.

With this round, Chelsio has raised enough to take it to profitability, set for 2006