{"id":641887,"date":"2013-02-08T00:01:10","date_gmt":"2013-02-08T05:01:10","guid":{"rendered":"http:\/\/www.pehub.com\/?p=185476"},"modified":"2013-02-08T00:01:10","modified_gmt":"2013-02-08T05:01:10","slug":"big-switch-networks-adds-intel-capital-as-an-investor","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/641887","title":{"rendered":"Big Switch Networks Adds Intel Capital As An Investor"},"content":{"rendered":"

Big Switch Networks<\/strong> said that Intel Capital<\/strong> has joined the company\u2019s Series B funding, bringing the total raised to date to over $45 million. Big Switch investors include Goldman Sachs, Index Ventures, Khosla<\/strong> Ventures <\/strong>and Redpoint Ventures<\/strong>. The company initially announced a Series B of $25 million in October with Redpoint leading the deal. It raised a Series A round of $14 million in 2011.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Big Switch Networks Receives Intel Capital Investment for Software-Defined Networking\u00a0and Network Virtualization<\/p>\n

Mountain View, CA \u2013 February 8, 2013 \u2013\u00a0Big Switch Networks today announced that Intel Capital has invested in the company\u2019s Series B funding, bringing the total amount raised to date to over $45 million from investors including Goldman Sachs, Index Ventures, Khosla Ventures, Redpoint Ventures and others.<\/p>\n

Cloud computing is driving the convergence of server, storage and network technologies, and there is a growing need for innovative networking solutions to support the dynamic nature of virtualized and Infrastructure-as-a-Service (IaaS) cloud data centers. Software-defined networking and merchant silicon Ethernet switches will enable all new levels of network agility and cost-effective operations for cloud and enterprise scale-out data centers.<\/p>\n

\u201cData center operators need programmable and cost effective merchant silicon-based networking architectures to meet their data center economic and operational objectives,\u201d said Bryan Wolf, Managing Director of Intel Capital. \u201cAt Intel Capital, we\u2019re looking for companies creating the most disruptive data center solutions, and Big Switch Networks Open Software-Defined Networking product suite is a leading solution in data center network virtualization.\u201d<\/p>\n

\u201cDramatic changes in enterprise and service provider data center networks require novel networking architectures and products,\u201d said Guido Appenzeller, CEO and co-founder of Big Switch Networks. \u201cWe are excited to have Intel Capital as a strategic investor to help deliver next generation software-defined networking solutions to the market.\u201d<\/p>\n

In 2012 Big Switch Networks shipped the first platform independent Open Software-Defined Networking(SDN) product suite, including network virtualization and network monitoring applications. Big Switch Networks products suite enables network programmability, flexibility and new levels of network service delivery. The Big Switch Networks Open SDN suite includes:
\n\u2022\u00a0\u00a0 \u00a0Big Network Controller (BNC)-the Open SDN platform for network applications which scales to more than a thousand switches and 250,000 new host connections per second
\n\u2022\u00a0\u00a0 \u00a0Big Virtual Switch (BVS)-a data center network virtualization application that makes the data center network as agile and dynamic as cloud compute resources and enables up to 50% more VMs per rack.
\n\u2022\u00a0\u00a0 \u00a0Big Tap- a unified network monitoring application which provides cost-effective enterprise-wide network visibility<\/p>\n

About Intel Capital
\nIntel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$10.8 billion in over 1,276 companies in 54 countries. In that timeframe, 201 portfolio companies have gone public on various exchanges around the world and 317 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.<\/p>\n

About Big Switch Networks
\nBig Switch Networks is the leader in Open Software-Defined Networking. The company\u2019s Open SDN platform embraces industry standards, open APIs, open source, and vendor-neutral support for both physical and virtual networking infrastructure. Big Switch Networks\u00a0product suite\u00a0supports a broad range of networking applications, including network virtualization for public and private cloud data centers built upon OpenStack, CloudStack and other platforms. For additional information\u00a0 visit: http:\/\/www.bigswitch.com\u00a0\u00a0 or follow\u00a0\u00a0 @bigswitch<\/p>\n

Big Switch Networks and the Big Switch Networks logo are trademarks of Big Switch Networks in the United States and other countries. Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
\n* Other names and brands may be claimed as the property of others.<\/p>\n

The post Big Switch Networks Adds Intel Capital As An Investor<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Big Switch Networks said that Intel Capital has joined the company\u2019s Series B funding, bringing the total raised to date to over $45 million. Big Switch investors include Goldman Sachs, Index Ventures, Khosla Ventures and Redpoint Ventures. The company initially announced a Series B of $25 million in October with Redpoint leading the deal. It […]<\/p>\n","protected":false},"author":7545,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-641887","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/641887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7545"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=641887"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/641887\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=641887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=641887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=641887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}