Wednesday, January 20, 2016

Plexxi Lands Investment from Google's Venture Arm

Plexxi disclosed a strategic investment from GV (formerly Google Ventures). Financial terms were not disclosed.

Plexxi said GV’s investment enables it to continue to scale its networking product offerings and company operations to meet the needs of the emerging cloud builder community and drive adoption of software-defined architecture in data centers.

“Plexxi takes an innovative approach to high performance networking infrastructure,” said Rich Miner, General Partner at GV. “Plexxi’s platform has evolved at a rapid pace, and the company’s networking infrastructure products give companies the tools they need to maintain large scale networks that are more agile and efficient.”

“GV invests in companies that have their eye on the future, offer disruptive innovation and drive market change,” said Rich Napolitano, CEO of Plexxi. “We are at the dawn of the next great era of IT, the Cloud Builder generation, and Plexxi has developed a transformative data center network solution that promises to become the standard for future public and private cloud agility. We are thrilled to have GV join our investor team and become a key partner in this huge market opportunity.”

Plexxi investors also include Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners.

http://www.plexxi.com


  • Plexxi is headquartered in Nashua, N.H.


Plexxi Raises $35 Million for SDN

Plexxi, a start-up pioneering next-generation converged networking solutions, raised a $35 million round of financing .

Plexxi’s products – Plexxi Control and the Plexxi Switch – and market solutions create an optimized network that dynamically helps applications perform better.

The round was led by a new investor with participation from existing investors Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners. This brings Plexxi’s total funding to $83 million.

“We are experiencing a generational shift to a new era of IT in which applications and data are rapidly increasing demand for a new agile and scale-out networking architecture,” said Rich Napolitano, CEO of Plexxi. “Plexxi represents a transformative converged networking and application-centric approach to traditional legacy networking. 2015 has been a record-breaking year for Plexxi as we gain a foothold in federal, financial services, education and service providers markets here in the United States and around the world.”

http://www.plexxi.com/

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