Packet Engines
Hardware and intellectual property for gigabit ethernet technology
About Packet Engines
Packet Engines, Inc. was a developer of hardware and intellectual property for Gigabit Ethernet technology. The company was founded in 1994 by Bernard Daines, who also served as president and CEO. Packet Engines focused on increasing computer network speeds from 100 megabits per second to 1,000 megabits per second.
The company's key product was the Gigabit Network Interface Card (G-NIC), a computer card that enabled personal computers within a network to exchange information at 1 billion bits per second. This card was built around a microchip designed by the company's engineering team. Packet Engines pioneered the gigabit ethernet approach and initiated the effort that led to an Institute of Electrical and Electronics Engineers (IEEE) task force on the technology, which gained support from over 100 companies through the Gigabit Ethernet Alliance. The company's business model included producing hardware like the G-NIC and licensing its intellectual property. Packet Engines was acquired by Alcatel-Lucent and had raised $20.5M in funding from investors including 21st Century Communications Partners, Battery Ventures, and Mayfield Fund.
Source: Dealroom company dataAt a glance
- Headquarters
- Spokane, United States
Knowledge graph
More headlines
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later2 investors entered at this stage
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Packet Engines on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Packet Engines on the full Dealroom platform
Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.

