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Packet Engines

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Hardware and intellectual property for gigabit ethernet technology

Spokane, United States
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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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 data

At a glance

Headquarters
Spokane, United States

Investors

2 investors on the cap table

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

Series B and later2 investors entered at this stage

Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
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 · Spokane HQ
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Market sentiment

Posts on X, past 7 days

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

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