Advanced Micro Devices (AMD), a Nasdaq-listed chip company, has agreed to buy corporate venturing-backed SeaMicro for $334m, including $281m in cash.
In July, SeaMicro raised $20m from a consortium including undisclosed, listed, strategic investors for its series D round.
Three venture capital (VC) firms, Khosla Ventures, Crosslink Capital and Draper Fisher Jurvetson, also invested in the D round for SeaMicro, a US-based maker of low-power computer servers. SeaMicro had raised $60m before AMD’s puchase.
In January, SeaMicro announced its first servers powered by AMD peer Intel.