Cumulus Networks nets $35M in funding round
Open networking vendor Cumulus Networks is the latest software-defined networking company to announce a series of funding. The company reportedly took in $35 million in funding from existing investors.
Although there doesn't appear to be an official announcement at this point, eWeek and others are reporting that the $35 million came from Battery Ventures, Sequoia Capital, Andreessen Horowitz, SV Angel and Wing Venture Capital – all existing investors in the vendor – as well as Top Tier Capital, a new investor.
As noted in eWeek's article, Cumulus is one of many SDN-focused vendors getting injections of capital. Both Big Switch Networks and Plexxi were both recent recipients of funding from investors.
Big Switch scored $48.5 million last week in a Series C funding round, whereas Plexxi brought in an undisclosed amount of money from Google Ventures.
The investments come as little surprise. Although SDN and network functions virtualization are likely years away from mass acceptance by enterprises, there appears to be increasing interest from enterprises and carries in the technologies.
Some research firms expect the worldwide SDN and NFV market to top $20 billion in the next four years.
- read the eWeek article