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Britestream Networks

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Hardware-based semiconductors for high-volume, secure online transmissions

United StatesFounded 2000
Valuation $50–100M Last recorded · 2005
Total funding $10–50M Disclosed equity funding
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About Britestream Networks

Britestream Networks, Inc. was a provider of hardware-based data privacy solutions, specializing in semiconductors for network security applications. Founded in 2000 and based in Austin, Texas, the company initially operated under the name Layer N Networks Inc., focusing on Secure Sockets Layer (SSL) silicon. In October 2004, it rebranded to Britestream Networks to better reflect its focus on streaming security as it brought its products to market.

The firm developed devices to enable high-volume processing of secure online transmissions, addressing the performance penalties associated with software-based SSL processing. A strategic shift saw the company expand from standalone security chips to board-level solutions, such as the BN1010 network interface card, to meet market demands. Britestream jointly developed a line of cryptographic accelerator solutions, nFast and nForce, with nCipher plc. These products were designed to offload all SSL-related tasks onto a dedicated server expansion card, handling up to 10,000 connections per second.

On November 13, 2006, Britestream Networks was acquired by nCipher plc, which purchased its intellectual property, stock, and other assets. The acquisition allowed nCipher to take full ownership of the jointly developed cryptographic product line. Subsequently, nCipher was acquired by Thales UK, a global group in the aerospace, defense, and security markets.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2000
Headquarters
United States
Open positions
None listed
Dealroom signal
12.3/100
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Oct 2005 $10M $40M Granite Ventures · Seed Capital Partners · Agave Capital · VentureTech Alliance —
SERIES B✓Equity / VC Feb 2004 $20M $80M Austin Ventures · Convergent Investors · Chisholm Private Capital Partners · Agave Capital —
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A8 investors entered at this stage

  • Austin Ventures
  • Granite Ventures
  • Convergent Investors
  • Agave Capital
  • Seed Capital Partners
  • Stafford Capital Partners
  • Chisholm Private Capital Partners
  • Technology Management Associates

Series B and later2 investors entered at this stage

  • VentureTech Alliance
  • Parker Price Venture Capital
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Britestream Networks on X, ranked by likes and reposts, corporate channels excluded.

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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