Intel is buying Barefoot Networks, a challenger to Cisco that had raised over $150 million from giants like Google and Alibaba (INTC, CSCO, AVGO)
|06/11/2019||Posted by BusinessMediaguide.Com under General World News||
- Intel is buying Barefoot Networks, a Silicon Valley startup with over $150 million in funding. Terms of the deal were not disclosed.
- Barefoot Networks sells networking equipment, with its main differentiator being that developers can write code for its hardware that runs directly on the processor — a technical, but important, difference that allows for more customization than you often find on Cisco or Broadcom gear.
- The deal comes as Intel faces new challenges, as its data center revenues recently faltered for the first time in a long time.
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