{"id":3045,"date":"2012-08-08T16:55:00","date_gmt":"2012-08-08T16:55:00","guid":{"rendered":"http:\/\/cloudnewsdaily.com\/?guid=a2250d1b741430a86b8bf4985d8d3c1c"},"modified":"2012-08-08T16:55:00","modified_gmt":"2012-08-08T16:55:00","slug":"plumgrid-gets-10-7-million-for-software-defined-networking","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/plumgrid-gets-10-7-million-for-software-defined-networking\/","title":{"rendered":"PLUMgrid Gets $10.7 Million for Software-Defined Networking"},"content":{"rendered":"<\/p>\n

PLUMgrid, Inc. today announced that it has secured $10.7 million in Series A Funding from US Venture Partners (USVP) and Hummer Winblad Venture Partners. PLUMgrid, with nearly two years of development completed, is pioneering an ecosystem-driven network infrastructure built on software-defined networking (SDN) concepts. The company will deliver network virtualization solutions that will enable businesses to manage their physical, virtual and cloud datacenters with greater agility and efficiency. <\/span><\/p>\n

In 2011, PLUMgrid raised an initial funding round of $2 million, and USVP partner Chris Rust joined the company\u2019s Board of Directors. Hummer Winblad managing director Lars Leckie co-led the PLUMgrid series A and now joins Rust on the PLUMgrid Board of Directors.<\/p>\n

PLUMgrid CEO Awais Nemat co-founded the company in early 2011, and has brought together an outstanding team of industry veterans with a proven track record of success in designing, developing and deploying some of the most important systems and services in the history of the networking industry. Nemat has assembled a group of highly decorated innovators from companies such as Cisco Systems, Marvell, Nicira, SUN, Vyatta and VMware. With a strong heritage in mission-critical enterprise network infrastructure, PLUMgrid\u2019s engineers and software visionaries have contributed significantly to the emergence of network virtualization technology in the past five years.<\/p>\n

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\u201cNetwork virtualization and the move to software-defined networking (SDN) is a strategically important focus area for the networking industry,\u201d said Nemat. \u201cPLUMgrid was started nearly two years ago with a vision of providing a better way for customers to address new networking application needs and reduce excessive costs and complexity. This $10.7 million financing round provides the resources for PLUMgrid to realize this vision and deliver a comprehensive SDN solution to our customers.\u201d<\/p>\n

\u201cPLUMgrid has a compelling combination of large market opportunity, highly differentiated approach with deep IP, and an exceptional team with a track record of commercial success. USVP is delighted to be a founding investor in PLUMgrid, and to be joined by Hummer Winblad as our co-lead in what we believe to be the best-of-breed SDN solution in the marketplace,\u201d said Chris Rust, partner, USVP.<\/p>\n

\u201cThe networking industry is experiencing a major shift as infrastructure becomes software-driven,\u201d said Lars Leckie, managing director, Hummer Winblad Venture Partners. \u201cWe see tremendous potential in supporting a new, unified network infrastructure that delivers value to customers by building on networking best practices yet enabling the radical agility, simplicity and ease of management that software brings to the table.\u201d<\/p>\n

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Pioneering Network Infrastructure Experts Unveil Differentiated SDN Technology Company SUNNYVALE, Calif.–(BUSINESS WIRE)–PLUMgrid, Inc. today announced that it has secured $10.7 million in Series A Funding from US Venture P…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[666,703,74,786,787,303,207],"tags":[],"class_list":["post-3045","post","type-post","status-publish","format-standard","hentry","category-cisco-systems","category-network-virtualization","category-networking","category-nicira","category-us-venture-partners","category-venture-funding","category-vmware"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/3045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=3045"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/3045\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=3045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=3045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=3045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}