Open source networking company Lumina Networks raised $10 million in Series A financing, including $8 million in new funding led by Verizon Ventures. Other new investors included AT&T and Rahi Systems. Operating independently, following a spin-off from Brocade in August 2017, Lumina Networks plans to use
Innovium, Inc. a provider of networking solutions for data centers, closed $77 million in Series D funding, including investments from venture capital firms Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital, and Qualcomm Ventures. Innovium says its
Cumulus Networks, a leading web-scale networking company, has closed $43 million in new funding in a round led by Telstra Ventures, the investment arm of Australia’s leading telecommunications and technology company. All existing investors, including Andreessen Horowitz, Battery Ventures and Sequoia Capital, participated. Cumulus Networks
Stateless announced the completion of $1.4 million in seed financing, led by Speedinvest, with participation from Techstars Ventures, PV Ventures, Service Provider Capital, and EVO Venture Partners. According to the startup, its platform technology offers firewalls and load balancers that are consumed through the SaaS model.