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Categories: Cumulus SDN

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–@Cumulus Networks, the leading provider bringing web-scale networking to enterprise cloud, has closed $43M in new funding in a round led by @Telstra Ventures, the investment arm of Australia’s leading #telecommunications and #technology company, bringing total funding to $129 million. All existing investors including @Andreessen Horowitz, @Battery Ventures and @Sequoia Capital participated. The company will use the investment to advance its mission: to free customers from expensive proprietary network stacks and bring the automation, agility and scalability of web-scale networks to companies of all sizes. With the new funding, the company will massively expand its sales force and invest in growing its marketing programs, with a particular focus on reaching new customers in EMEA and Asia Pacific. It will also expand its footprint within Fortune 500 enterprises and service providers, while continuing to focus on bringing innovative networking products to market. “Telstra Ventures is focused on investing in strategic, value-added businesses that show strong market fit and growth potential,” said Mark Sherman, Managing Director, Telstra Ventures. “In this case we had the advantage of being a Cumulus Networks customer first, which gave us several months of first-hand experience working with their products, services and team. After that experience, we were eager to expand our partnership and invest in the company. Open networking is key to growing service provider capabilities and we are thrilled to have Cumulus join our portfolio of strategic, innovative companies.” “There’s a striking variety in our customer base, which ranges from large financial and healthcare institutions, to breakout SaaS stars, to some of the world’s largest Internet companies,” said Josh Leslie, CEO of Cumulus Networks. “But the common thread running through them is that they are challenging the status quo of networking in their organizations and reaping huge operational benefits as a result. We’re honored to partner with Telstra in this journey. We are excited to use this investment to bring modern, scalable networks to even more organizations around the world, particularly to service providers who are beginning to move into the networking space.”

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