SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 28, 2002--Teja* Technologies, Inc., a network processor software company, today announced it has raised $12 million in its second round of venture financing, bringing total funding to $21.2 million. This round was co-led by RRE Ventures and Viventures with participation from Teja's previous investors, including Blueprint Ventures, Intel Communications Fund, Mayfield, and Tallwood Ventures.

"We are extremely pleased to have received funding from these firms given the current economic conditions. We received investments from each and every one of the investors from our first round of venture funding," said David Stepner, Teja's president and CEO. "This funding will further Teja's mission to develop software that will aid OEMs in decreasing the time and cost of developing high-performance infrastructure products."

"Intel Capital, through the Intel Communications Fund, invests in companies that have the promise to help Intel deliver communications solutions that meet the ever-challenging needs of our customers," said Doug Davis, general manager of Intel's Network Processing Division. "Teja's software will help our customers to more quickly and efficiently utilize the network processing building blocks that are a key component in achieving that goal."

The proceeds from this round will be used to help develop next-generation products and expand sales channel and customer support capabilities for Teja's network processor software development platform, Teja NP. Teja's approach allows network OEMs to create advanced network infrastructure products. Teja NP consists of a Graphical Application Development Environment, Network Processing Operating System (NPOS) run-time, and a library of network application building blocks. The result of using Teja's software is accelerated time-to-market to meet OEM customer needs.

"With network OEMs under considerable pressure to develop more flexible equipment at a much faster pace with reduced costs, the network processor market is expected to boom as this technology rapidly displaces the traditional ASIC-based designs," said Sanjay Rao, principal at Viventures. "Realization of this multi-billion dollar opportunity requires powerful new software solutions and Teja is uniquely poised to fulfill this critical role in the market."

"Teja is the only company to deliver an advanced software development platform for network processors," said Ken Ross, general partners of RRE Ventures. "We feel that their innovative technology, combined with their experienced management team, knowledge of the networking industry and engineering talent, definitely make them the leader in today's emerging network processor software market."

With this financing, Sanjay Rao of Viventures and Ken Ross of RRE Ventures have joined Teja's board of directors.

About Teja Technologies
Teja Technologies, located in San Jose, is a privately held software company developing the industry's first advanced network processor software development platform. Teja's NP software will save systems vendors money and speed their products' time-to-market, providing a significant competitive advantage in today's fast moving networking markets. Teja is backed by world-class investors including Blueprint Ventures, Intel Communications Fund, Mayfield, RRE Ventures, Tallwood Venture Capital, and Viventures.