Sunday, March 22, 2015

Corsa Raises Funding for its SDN Platforms

Corsa Technology, a start-up based in Ottawa, raised $16.5 million in Series B funding, for its work in SDN.

Corsa Technology, which was founded in 2013, is focused on delivering programmable, configurable data planes. Its DP6400 product line can be configured multiple networking functions, ranging from Layer 2/3 switching and routing at massive scale, to complex Layer4- 7 aware network elements that allow network orchestration to dynamically adjust data forwarding.

The new funding round was led by Roadmap Capital with participation from all previous investors including Celtic House Venture Partners, BDC Capital and a strategic technology company.

“Corsa is excited to be working with our new investor, Roadmap Capital, as we bring the DP6400™ family of advanced SDN data planes to full commercial release,” said Bruce Gregory, CEO of Corsa Technology. “Corsa has established itself as a leading WAN scale SDN hardware company with our innovative approach to SDN switching and routing, and this round of funding will enable us to grow the company and extend our lead in a multi-billion dollar market. To date in SDN, most of the investment and innovation has occurred on the software side of the equation. We know that WAN scale SDN-capable hardware is necessary to deliver the full value of SDN, and Corsa is filling this void in a unique way”