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PLUMgrid seals $10.7m from Hummer Winblad, US Venture Partners

8 Aug 2012

Network infrastructure developer PLUMgrid has secured $10.7m in Series A Funding from software-focused venture capital firm Hummer Winblad and US Venture Partners (USVP).

PLUMgrid is pioneering an ecosystem-driven network infrastructure built on software-defined networking (SDN) concepts.

The company previously raised an initial funding of $2m, with USVP partner Chris Rust joining the company’s board. Following the latest round, Hummer Winblad partner Lars Leckie will also join PLUMgrid’s board.

“The networking industry is experiencing a major shift as infrastructure becomes software-driven,” said Leckie. “We can only see tremendous potential in supporting a new, unified network infrastructure that delivers value to customers by building on networking best practices yet enabling radical agility, simplicity and ease of management that software brings to the table.”

“I look forward to partnering with Lars on PLUMgrid’s board,” added Rust. “Infrastructure is long due for an overhaul. PLUMgrid’s team has the infrastructure expertise and a strong track record of IP creation to further the network industry’s transformation.

“Infrastructure is a multibillion market, and our confidence in PLUMgrid’s and infrastructure’s future is bolstered by the team’s rich management experience in growing some of the most successful network businesses in the industry.”

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