Pluribus Networks pulls in $50 mln Series D
Pluribus Networks, an SDN platform provider, has raised $50 million in Series D funding. Temasek Holdings led the round with participation from previous backers that included New Enterprise Associates, Menlo Ventures, Mohr Davidow and AME Cloud Ventures.
Palo Alto, Calif. – January 21, 2015 – Pluribus Networks, the company that brings together computer, network, storage and virtualization into a single, open and programmable SDN platform, announced today that it has raised US$50 million in a Series D round of funding led by Temasek Holdings, an investment company based in Singapore with a net portfolio value of US$177 billion. This up-round brought the Pluribus total funding to date to US$95M million, making it the best-funded SDN company in the industry. All of the existing investors, including New Enterprise Associates (NEA), Menlo Ventures, Mohr Davidow and AME Cloud Ventures, participated in the round.
Furthermore, the company added new global strategic investors, including Ericsson, as well as Newtech, a leading turnkey datacenter infrastructure provider in Asia. Funds will be used for the expansion of sales, marketing, business development and engineering to support the rapidly growing customer demand for the company’ products and services.
“We are excited to have Temasek Holdings, a marquis investment company with global presence, as well as Ericsson, a global player in the telecom and service provider cloud infrastructure segment participate in this investment round in Pluribus Networks,” said Jerry Yang, co-founder of Yahoo!, lead investor of AME Cloud Ventures and the first investor in Pluribus Networks.
“The Pluribus architecture speaks to the needs of the Global 2000 companies represented at the Open Networking User Group,” said Nick Lippis, co-chairman of ONUG. “Hardware independence coupled with a secure and programmable SDN platform, offering scale, automated configuration, operational simplicity, and open standards are key working group requirements being addressed by the Pluribus Netvisor Operating System.”