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Last updated on April 19, 2014 at 13:20 EDT

Pluribus Networks Raises $23M Series C

December 20, 2012

PALO ALTO, Calif., Dec. 20, 2012 /PRNewswire/ — Pluribus Networks, the leader in hardware-accelerated network virtualization for private and public cloud datacenters, has closed a $23M Series C funding led by Menlo Ventures and joined by existing investors New Enterprise Associates, Mohr Davidow Ventures, and others. The funding will be used to meet customer demand for deploying the company’s production-ready software-defined virtualized Fabric offering today.

Pluribus Networks was founded in 2010 and closed its previous Series B ($17.5M) in April of 2011. The company has been generating revenue and announced in September that it had partnered with TIBCO Software Inc. to deliver TIBCO Enterprise Message Service(TM) Appliance and TIBCO FTL® Message Switch.

Pluribus Networks Netvisor® is a programmable, distributed network operating system that runs on Pluribus Networks’ highly-optimized Server-Switch(TM) hardware. Netvisor provides a platform for fabric-based computing that enables applications to move into the network, and to serve both physical and virtual network infrastructure. The solution is highly modular and fault tolerant with a self-healing design that enables extremely high operational flexibility and makes zero-touch provisioning of virtual machines and network services a reality.

“Pluribus Networks’ Server-Switch architecture is a revolutionary re-thinking of the infrastructure required for today’s new datacenters. The need for a virtualized and programmable network fabric is imperative to dynamically allocate and manage connectivity and data flows,” said Mark Siegel, Managing Director at Menlo Ventures. “We spent a lot of time looking at the SDN sector and no other company comes close to Pluribus in functionality or performance.”

Availability

The Pluribus Networks Netvisor® solution is currently available to select customers on the Pluribus Networks F64 Series platform.

About Pluribus Networks

Pluribus Networks is a leader in performance-oriented network virtualization for private and public cloud datacenters. Our systems transform how IT administrators deploy applications so they can realize productivity gains and enable new business models. Pluribus Networks delivers operational excellence by optimizing datacenter network utilization while maintaining required levels of performance, reliability, and availability. Information about Pluribus Networks can be found at http://www.pluribusnetworks.com.

About Pluribus Networks

Menlo Ventures provides capital for seed through growth technology companies in the consumer and enterprise sectors. For decades, the firm’s market-driven research analysis has led to the identification of and successful exits in innovative technology markets. Notable research-areas of investment include Mobile (Siri, MobiTV, TeleNav), Enterprise storage (3Par), Communications (Acme Packet, Cavium Networks), and Consumer (Carbonite, Roku). Founded in 1976, Menlo’s portfolio includes 70 public companies and more than 100 mergers and acquisitions. Throughout the firm’s history, Menlo’s deep network of portfolio entrepreneurs, angels and advisors are a key resource made available to all of our family of investments. Menlo Ventures has $4 billion under management and is currently investing Menlo Ventures XI, a $400M fund with $20m allocated to our Menlo Talent Fund for fast seed funding. For more information, visit http://www.menlovc.com.

Pluribus Networks, the Pluribus Networks logo, Server-Switch(TM), iTOR(TM), Netvisor®, nvOS®, and vManage® are trademarks or registered trademarks of Pluribus Networks, Inc. in the United States and other countries. All other trademarks, service marks, registered marks, or registered service marks are the property of their respective owners.

SOURCE Pluribus Networks


Source: PR Newswire