Tuesday, August 11, 2015

CENX Raises $12.5 Million for Service Orchestration

CENX, a start-up providing Lifecycle Service Orchestration solutions for software-defined and virtualized networks, raised US$12.5 million in new venture funding.

CENX's solutions automate the fulfillment and assurance of advanced data services in software-defined networks, bridging physical and virtualized network functions.  The company is based in Ottawa.

New investors BDC Capital, Mistral Venture Partners, and VMware joined the Series D financing round, in which all current investors participated: Highland Capital Partners, Mesirow Financial Private Equity Inc., Verizon Ventures, a subsidiary of Verizon Communications, Ericsson, DCM Ventures, and Cross Creek Advisors.

“We welcome the market, business and partnership perspectives that VMware, BDC Capital, and Mistral bring to CENX,” said Ed Ogonek, President and CEO of CENX. “We are seeing tremendous demand worldwide for our Cortx solution, delivering tangible value in today’s networks and empowering the evolution to virtualized networks and services with NFV and SDN. With the support and confidence of our growing investor group, we continue to expand our world-class team to meet these global opportunities.”