Pluribus Networks has announced that it has closed a $50 million Series D funding. The round was led by Temasek Holdings, an investment company based in Singapore with a net portfolio value of US$177 billion, with partecipation by Ericsson, Newtech and existing investors: New Enterprise Associates (NEA), Menlo Ventures, Mohr Davidow and AME Cloud Ventures.
Founded in 2010, by Sun Microsystems veterans, CEO Robert Drost and CTO Sunay Tripathi, along with VP of Product Engineering Ken Yang, Pluribus Networks is known fot its hardware-accelerated network virtualization solution for private and public cloud datacenters. The SDN startup announced that the funds are going to be used for the extension of sales, marketing, business development and engineering to support the customer demand for the company’ products and services.
Kumar Srikantan, president and CEO of Pluribus Networks, declared:
Fundamentally, the sea has changed and CIOs are turning away from endless hardware upgrade cycles to a software and network-application-centric view, with our Netvisor, we have a superior, converged SDN platform that not only provides better scale and performance, but also enables virtualization and security while driving down cost and complexity. The funding we are announcing today validates our architecture approach and the breakaway growth potential of the company.