Big Switch Networks, a Palo Alto, CA-based new company building a virtualization and cloud architecture platform for enterprise networks, secured $13.75m in a Series A financing.
The round was led by Index Ventures and Khosla Ventures, with participation from angel investor Charlie Giancarlo, Former CDO of Cisco.
Big Switch Networks also announced that it has joined the newly formed Open Network Foundation, a nonprofit group that focuses on promoting OpenFlow and other Software-Defined Networking (SDN) technologies as a way to speed innovation in the networking industry. OpenFlow is a standard protocol that provides owners and operators better control over their networks and the ability to optimize their behavior.
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In conjunction withe funding, Mark Leslie, Former CEO of Veritas, Bill Meehan, Raccoon Partners Lecturer in Management at the Stanford Graduate School of Business and Director Emeritus at McKinsey and Co., Shirish Sathaye, Partner at Khosla Ventures and Mike Volpi, Partner at Index Ventures, joined co-founders Guido Appenzeller, CEO, and Kyle Forster, VP of Sales and Marketing, on Big Switch Networks’ board of directors.
FinSMEs
22/04/2011