Mellanox Technologies is expected to raise $50 million at a post-money company value of $250 million, reports Dolev & Abramovitch Hi-Tech Information.
The American fund Bessemer is expected to lead the round, and two major Israeli venture capital funds have indicated they may chip in.
Mellanox is a fabless that designs semiconductors for Internet infrastructure. It was founded in 1999 by CEO Eyal Waldman, among the founders of Galileo Technology, an Israeli company purchased by Marvell (Nasdaq:MRVL).
The company is developing a family of communications products based on the InfiniBand standard, which supports 2.5 gigabit and 10 gigabit traffic speeds.
During 2000 Mellanox secured $25 million at a post-money company value of $125 million. It employs 130 people at a development center in Yokneam, and offices in Santa Clara, California.