Software-defined networking startup Big Switch Networks announced that it has secured $30.7million in new financing to support further sales and product expansion. The latest round brings the company's total funding raised to date to over $120million. The financing includes participation from Dell Technologies Capital, Intel Capital, a strategic investment from a Tier-1 service provider, and others.
The company also announced that it has doubled its revenues over the past 12 months thanks to the growing adoption of open, white box networking.
The goal of Open Networking is an open ecosystem in which customers can choose among various industry-standard networking gear, network applications and network operating systems to meet their business needs. For decades, the networking industry has been stuck in the mainframe era mentality with a proprietary, monolithic structure built for pre-virtualized, client-server implementations using chassis-based switches, said the company.
The shift towards SDN in the data center represents the most transformative architectural trend delivering enhanced network agility, choice and optimized network operations for customers. Open networking contributes to the significant disruption occurring within the industry to more easily and efficiently deploy, monitor and adjust network services and performance.
Douglas Murray, CEO, Big Switch Networks
This financing will enable us to further expand our geographical footprint and to invest in regions where we are seeing accelerating adoption of our products.
Kyle Forster, Big Switch Founder
If you look at our investors, our customers and our partners, this is clearly underway. We believe the changes in the Gartner Magic Quadrant over the last few years sum it up. The industry is changing, and we are excited to be a part of this ecosystem of organizations that are driving to the new model.
