Tuesday, January 19, 2016

Big Switch Secures $48.5 Million in Series C Funding

Big Switch Networks raised $48.5 million in a Series C funding round.

The company, which is based in Santa Clara, California, said it experienced more than 300% growth in 2015 with customers wins across the US, APAC and EMEA regions, and in verticals including tech, financial services, government, service providers, and higher education.  The company has two products and three use cases, which have played a critical part in its growth, including accelerated adoption with Enterprise and Carrier customers of both Big Monitoring Fabric, a next generation network monitoring fabric, as well as Big Cloud Fabric, the industry’s first data center fabric built using whitebox or britebox switches and SDN controller technology.

Big Switch also named former NetApp CEO, Dan Warmenhoven, as well as seasoned venture capitalist Gary Morgenthaler to its Board of Directors.

The new funding includes participation from both new and existing investors, including Morgenthaler Ventures, Silver Lake Waterman, Index Ventures, Khosla Ventures, Redpoint Ventures, Accton, CID Group, MSD Capital, among others. This brings total funding to $94 million since the company was founded in 2010.

“I am pleased that our performance continues to earn the trust of our customers, partners, and investors, all of whom believe in our mission to disrupt the status quo of networking,” said Douglas Murray, CEO, Big Switch Networks. “Dan Warmenhoven’s knowledge and operational experience scaling NetApp from hyper-growth startup through maturity will be invaluable as Big Switch continues to scale and as we introduce our core products to new customers in more markets around the world. I am also thrilled to have Gary Morgenthaler join the board to share his invaluable experience as one of Silicon Valley’s pre-eminent investors.”


See also