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Sutter Hill Ventures leads $26.6m Benu Networks Series B round

10 Sep 2013

wi-fi network communicationIT and communications-focused Sutter Hill Ventures has led a $26.6m Series B financing round for networking and wireless business Benu Networks.

Existing investors Spark Capital and Comcast Ventures also took part in the round, which Benu said would be used to accelerate its go-to-market strategy.

Sutter Hill managing director Stefan Dyckerhoff will join the Benu board of directors following the financing, the company added.

He said, “Benu’s disruptive approach for large-scale device management, session control and IP service intelligence solves a big networking problem for Wi-Fi and HetNet deployments and influenced our decision to invest in the company.”

Earlier this year Sutter Hill was among firms backing a $17m Series B financing round for IT company Instart Logic, which develops a cloud-based service for web publishers aimed at improving web user experience over WiFi and mobile networks.

The round, which took Instart’s total funding to date to $26m, also included investment from Andreessen Horowitz, Greylock Partners and Tenaya Capital as well as “Silicon Valley leaders”, the company said.

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