Networking Startup Plexxi Raises $35 MillionBased in Nashua, New Hampshire, Plexxi is known for its line of switches used in data centers and enterprise IT networks.
September 14, 2015
by Natalie Gagliordi
Networking startup Plexxi has nabbed $35 million in Series D funding, the company announced Monday.
Investors include Lightspeed Venture Partners, Matrix Partners, and North Bridge Venture Partners. The company says it has now raised $83 million since its founding in 2010.
According to the release, Plexxi plans to use the cash injection to expand its sales, marketing, customer support, and research and development efforts.
Based in Nashua, New Hampshire, Plexxi is known for its line of switches used in data centers and enterprise IT networks. The company emphasizes applications over infrastructure in order to reduce the required number of switches found in traditional architectures.
In July Plexxi released its Switch 2 Series, which officials said can collapse a network into a single tier so that only one switch type is able to optimize east/west traffic. The low latency series works to create a network designed to run scale-out, virtualized, mobile and big data applications.
"We continue to be very excited about Plexxi and the significant market opportunity in front of them," said Tim Barrows, general partner at Plexxi investor Matrix Partners, in a statement. "Their single-tier network architecture is uniquely well suited for next-generation datacenters and provides unprecedented control, intelligence and scale."