Silverback completes $15m financing round.

(From Israel Business Arena)

Byline: Gilad Nass

Start-up Silverback Systems has completed a $15 million financing round. All the company's existing investors participated in the round, including Israeli funds Pitango Venture Capital and Gemini Israel Funds, as well as Newbury Ventures, JP Morgan Chase Partners, and US Trust Private Equity (Excelsior). This is the California-based company's third financing round. Although Israelis founded Silverback, it does not maintain a development center in Israel. The company raised a total of $33 million, including $15 million in its previous financing round, completed in mid-2001.

Silverback is a fabless …