Category: Innovium
Marvell nabs Innovium for $1.1B as it delves deeper into cloud ethernet switches
This post is by Ron Miller from Fundings & Exits – TechCrunch Marvell announced this morning it has reached an agreement to acquire Innovium for $1.1 billion in an all-stock deal. The startup, which raised over $400 million according to Crunchbase data, makes networking ethernet switches optimized for the cloud. Marvell president and CEO Matt…