Plexxi, a start-up pioneering next-generation converged networking solutions, raised a $35 million round of financing .
Plexxi’s products – Plexxi Control and the Plexxi Switch – and market solutions create an optimized network that dynamically helps applications perform better.
The round was led by a new investor with participation from existing investors Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners. This brings Plexxi’s total funding to $83 million.
“We are experiencing a generational shift to a new era of IT in which applications and data are rapidly increasing demand for a new agile and scale-out networking architecture,” said Rich Napolitano, CEO of Plexxi. “Plexxi represents a transformative converged networking and application-centric approach to traditional legacy networking. 2015 has been a record-breaking year for Plexxi as we gain a foothold in federal, financial services, education and service providers markets here in the United States and around the world.”
- Plexxi is based in Nashua, New Hampshire.
