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SolarFlare Communications Inc., an Irvine chipmaker backed by Intel Corp., has raised nearly $50 million in its latest round of venture funding, doubling its total raised.
The funding is among the largest here by a startup in recent months. It comes close to the $66 million total invested in all startups here in the fourth quarter.
The financing also makes SolarFlare the best funded hopeful here with $78 million in money raised, according to the Business Journal's count.
Next is Foothill Ranch-based Aristos Logic Corp., a maker of controllers for data storage systems, which has raised $65 million.
SolarFlare's latest round includes money from prior investors Intel Capital, the chipmaker's venture arm, Corona del Mar's Miramar Venture Partners, Santa Monica-based Anthem Venture Partners and San Diego-based Windward Ventures.
One newcomer-Westport, Conn.-based Oak Investment Partners LP-also invested in SolarFlare.
The size of...