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Network Virtualization Startup Big Switch Networks Lands $13.75 Million Series A Funding Round Led by Index Ventures and Khosla Ventures
Big Switch Networks, a new company building a platform to bring the benefits of virtualization and cloud architecture to enterprise networks, announced today that it secured $13.75 million in a Series A financing, led by Index Ventures and Khosla Ventures.

Big Switch Networks also announced that it has joined the newly formed ONF, a nonprofit group focused 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 enables networks to evolve more rapidly by giving owners and operators better control over their networks and the ability to optimize network behavior.

"Enterprise networking is exciting again. We're seeing new customer problems that aren't well addressed with traditional networking technologies and changes in the large IT suppliers that are creating opportunities for startups like Big Switch Networks," said Mike Volpi, Partner at Index Ventures and Former SVP/GM of the Routing Technology Group at Cisco.

"Just when everyone thought that networking was getting boring and commoditized, Big Switch Networks comes along! Virtualization is now coming to the network layer," said Charlie Giancarlo, Former Chief Development Officer of Cisco and Angel Investor in Big Switch Networks.

"We're excited about Big Switch Networks. This is a very strong and technical team, well positioned to be the VMware of networking for the private cloud and campus LAN," said Shirish Sathaye, Partner at Khosla Ventures.

With this infusion of capital, four new directors joined Big Switch Networks Co-Founders Guido Appenzeller, CEO, and Kyle Forster, VP of Sales and Marketing, on the board:

  • Mark Leslie, Lecturer in Management at the Stanford Graduate School of Business, Former CEO of Veritas
  • Bill Meehan, Raccoon Partners Lecturer in Management at the Stanford Graduate School of Business, Director Emeritus at McKinsey and Co. and Leader of the Firm's West Coast and Private Equity Practices
  • Shirish Sathaye, Partner at Khosla Ventures and Former VP of Engineering and CTO of FORE Systems and Alteon WebSystems
  • Mike Volpi, Partner at Index Ventures and Former Head of M&A, Chief Strategy Officer and SVP/GM of the Routing Technology Group at Cisco

"The advances over the last few years in compute virtualization have left enterprise networking behind," said Appenzeller. "With this round of funding, we're pulling together the world class team at all levels that will bring the benefits of virtualization to networking."

Published Friday, April 22, 2011 4:14 PM by David Marshall
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Big Switch Networks » Blog Archive » In The News - (Author's Link) - April 25, 2011 11:13 PM
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