Innovium Strengthens Executive Team with Appointments of Chief Development Officer and Chief Financial Officer

Industry Veterans with Proven Track Records Join Innovium to Accelerate Growth and Scale the Company for Next Phase

SAN JOSE, Calif.--(BUSINESS WIRE)--Innovium, Inc., a leading provider of networking solutions for cloud and edge data centers, today announced the appointment of Bruce Fishbein as Chief Development Officer and Sumeet Gagneja as Chief Finance Officer. In his role as Chief Development Officer, Bruce will oversee all silicon and hardware engineering while Sumeet as Chief Financial Officer will oversee all finance and administrative operations.

Bruce Fishbein is a seasoned engineering leader with extensive semiconductor & platform experience in infrastructure and consumer products. Before joining Innovium, Bruce was Corporate Vice President of Engineering for the Semi Custom Business Unit at AMD. He has led organizations to deliver multiple leading-edge products including 7nm in high volume deployments. Bruce has scaled large teams driving multiple projects across a several geographies. Previously Bruce worked for many years at Intel and Cavium in engineering leadership roles.

Sumeet Gagneja has over 20 years of leadership roles in Finance functions in the semiconductor industry and has held various roles at Intel, Avago/Broadcom, Maxim integrated and Xilinx. He was most recently at Xilinx as Corporate VP Finance and Chief Accounting Officer, where he led worldwide FP&A (Financial Planning and Analysis), Accounting/SEC Reporting, Indirect Procurement, and Global Real Estate functions.

“I am delighted to welcome Bruce and Sumeet to our leadership team,” said Rajiv Khemani, CEO and Co-Founder of Innovium. “Their deep and extensive experience in leading the engineering and financial operations of semiconductor businesses at scale, will make an immediate impact as we continue our rapid growth, and strengthen Innovium’s position as a leader in the Data Center Network industry. Together, we look forward to delivering more breakthrough products on our roadmap and taking Innovium’s business to the next level."

“I am impressed with Innovium’s world-class team, products and growth,” said Bruce Fishbein. “Innovium has delivered highly robust and differentiated portfolio of silicon products that are being deployed by the top cloud customers in the world. I am excited to join to continue to execute on a compelling roadmap and continue to earn the trust of an expanding set of customers.”

“I am thrilled to join Innovium, a company with proven products that have been deployed at scale and is ramping revenues rapidly,” said Sumeet Gagneja. “Innovium has delivered a compelling solution portfolio in a large and fast growing market, capturing over 25% market share. I look forward to executing on the company’s priorities and plans for its next phase of business growth.”

About Innovium

Innovium is a leading provider of high performance, innovative switching silicon solutions for Cloud and Edge data centers. Innovium’s TERALYNX family delivers software compatible products ranging from 1Tbps to 25.6Tbps with unmatched telemetry, low latency, programmability, and large buffers, and a feature rich architecture that scales to 100Tbps+. Innovium’s products have been selected and validated by market-leading OEM, Cloud, and ODM customers. The company is headquartered in Silicon Valley, California and is backed by leading venture capital firms including Greylock, WRVI, Capricorn, Premji Invest, BlackRock, DFJ Growth, DAG, Qualcomm Ventures, S-Cubed and Redline. For more information, please visit: http://www.innovium.com and follow us on Twitter and LinkedIn.