Plenus extends $4m credit line to EZchip: The credit line could rise to $6 million, upon achievement of certain operational milestones.

From: Globes | Date: September 13, 2006 | Copyright information

Byline: Gitit Pincas

Sep. 13--Israeli start-up EZchip Technologies has secured a credit line of $4 million from Plenus Venture Lending Fund. The credit line may be increased to $6 million upon achievement of certain undisclosed operational milestones. In 2003 Plenus granted EZchip a credit line of $3 million, of which the company drew down $1.5 million. This credit line was closed in 2004, and EZchip has no other loans apart from the one it announced today. EZchip develops and manufactures high-speed network processors. Although the company is private, 54 percent of its ...

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