|[February 08, 2013]
Big Switch Networks Receives Intel Capital Investment for Software-Defined Networking and Network Virtualization
MOUNTAIN VIEW, Calif. --(Business Wire)--
Switch Networks today announced that Intel (News - Alert) Capital has invested in
the company's Series B funding, bringing the total amount raised to date
to over $45 million from investors including Goldman Sachs, Index
Ventures, Khosla Ventures, Redpoint Ventures and others.
Cloud computing is driving the convergence of server, storage and
network technologies, and there is a growing need for innovative
networking solutions to support the dynamic nature of virtualized and
Infrastructure-as-a-Service (IaaS) cloud data centers. Software-defined
networking and merchant silicon Ethernet switches will enable all new
levels of network agility and cost-effective operations for cloud and
enterprise scale-out data centers.
"Data center operators need programmable and cost effective merchant
silicon-based networking architectures to meet their data center
economic and operational objectives," said Bryan Wolf, Managing Director
of Intel Capital (News - Alert). "At Intel Capital, we're looking for companies
creating the most disruptive data center solutions, and Big Switch
Networks Open Software-Defined Networking product suite is a leading
solution in data center network virtualization."
"Dramatic changes in enterprise and service provider data center
networks require novel networking architectures and products," said Guido
Appenzeller, CEO and co-founder of Big Switch Networks (News - Alert). "We are
excited to have Intel Capital as a strategic investor to help deliver
next generation software-defined networking solutions to the market."
In 2012 Bi Switch Networks shipped the first platform independent Open
Software-Defined Networking(SDN) product suite, including network
virtualization and network monitoring applications. Big Switch Networks
products suite enables network programmability, flexibility and new
levels of network service delivery. The Big Switch Networks Open SDN
Network Controller (BNC)-the Open SDN platform for
network applications which scales to more than a thousand switches and
250,000 new host connections per second
Virtual Switch (BVS)-a data center network virtualization
application that makes the data center network as agile and dynamic as
cloud compute resources and enables up to 50% more VMs per rack.
Tap- a unified network monitoring application which provides
cost-effective enterprise-wide network visibility
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes
equity investments in innovative technology start-ups and companies
worldwide. Intel Capital invests in a broad range of companies offering
hardware, software, and services targeting enterprise, mobility, health,
consumer Internet, digital media and semiconductor manufacturing. Since
1991, Intel Capital has invested more than US$10.8 billion in over 1,276
companies in 54 countries. In that timeframe, 201 portfolio companies
have gone public on various exchanges around the world and 317 were
acquired or participated in a merger. In 2012, Intel Capital invested
US$352 million in 150 investments with approximately 57 percent of funds
invested outside North America. For more information on Intel Capital
and its differentiated advantages, visit www.intelcapital.com
or follow @Intelcapital.
About Big Switch Networks
Big Switch Networks is the leader in Open Software-Defined Networking.
The company's Open SDN platform embraces industry standards, open APIs,
open source, and vendor-neutral support for both physical and virtual
networking infrastructure. Big Switch Networks product suite supports a
broad range of networking applications, including network virtualization
for public and private cloud data centers built upon OpenStack,
CloudStack and other platforms. For additional information visit: http://www.bigswitch.com
or follow @bigswitch.
Big Switch Networks and the Big Switch Networks logo are trademarks
of Big Switch Networks in the United States and other countries. Intel
and the Intel logo are trademarks of Intel Corporation in the United
States and other countries.
* Other names and brands may be
claimed as the property of others.
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