Pluribus Networks, an SDN start-up developing converged compute, network, storage and virtualization systems, said it raised $50 million in a Series D round of funding led by Temasek, an investment company based in Singapore with a net portfolio value of $177 billion.
+ MORE ON NETWORK WORLD:SDN market could hit $18 billion by 2018 +
This round brought Pluribus’ total funding to $95 million, prompting the company to claim it is the best-funded SDN company in the industry. All of the company’s existing investors, including New Enterprise Associates, Menlo Ventures, Mohr Davidow and AME Cloud Ventures, also participated in the round.
Also, several new strategic enterprise and service provider investors participated in this round though Pluribus declined to identify them. Funds will be use to expand sales, marketing, business development and engineering to support the company’s products and services, which include server/switches, network computing appliances for analytics and cloud orchestration, and the Netvisor operating system.
Pluribus says these products are on a $10 million annual run rate.
The company has accumulated more funding than two other noteworthy SDN start-ups – Cumulus Networks and Big Switch Networks. Cumulus has received $51 million in two rounds of funding and Big Switch Networks $44.7 million in five rounds, according to Crunchbase.
However, Affirmed Networks, which is considered a provider of Network Functions Virtualization (NFV) products for content delivery over mobile networks, has accumulated $117 million in five rounds. Affirmed is also on AT&T’s preferred supplier list for its Domain 2.0 SDN/NFV project.
Pluribus was founded in 2010.
This story, "SDN start-up says it is best funded in industry" was originally published by Network World.