Plexxi raises $20.1 million in Series C financing

June 29th, 2012 | Dave Husak | 3 Comments

The excitement and momentum continue to build for software-defined networking (SDN) concepts and how those concepts can be used to build truly new and better approaches to networks. As a great example of that excitement, today we are pleased to announce that we closed on a new round of financing, our Series C round, which came in at $20.1 million from existing investors, Lightspeed Venture Partners, Matrix Partners and Northbridge Venture Partners. We are fortunate to work with such committed investors who believe in our vision, technology and strategic execution.

This round brings Plexxi’s total financing to date to $48.48 million (for background, read our blog post from our Series B round from July 2011). We’ll use this new infusion of money to accelerate sales, marketing and roadmap investments.

This has been an exciting month for Plexxi because it also marks the start of our initial private beta program. We’ve pulled back the covers a bit and revealed that we are working on an integrated hardware/software offering that allows data center operators to build and manage a network from the perspective of the needs of the application workloads, which we call affinity networking. The speed with which our investors committed and closed this round is a strong validation of our approach.

We are moving full steam ahead with our private beta and will continue sharing details through product demos, industry conferences, such as VMworld in August and blog posts.

As always, stay tuned to our blog for our point of view on all things SDN, OpenFlow, affinity networking and other trends taking place in today’s network. You can keep up with us on Twitter @plexxiinc.