Sedona Systems, a start-up based in Israel with offices in Cupertino, California, announced $13.6 million in Series B funding for its IP/optical converged control platform for service provider networks.
Sedona said its NetFusion software platform enables coordinated control of the IP and Optical layers in multi-vendor networks, automatically creating a live map of all traffic paths and cross-connections. Following this unique network discovery process, multilayer apps are executed over the platform for tasks ranging from coordinated maintenance to automatic optimization, from network restoration to enabling broadband services on demand. Using Sedona, service providers can run their networks “hotter” and save up to 50% of their expansion capex.
“Service provider networks are going through a generational change,” said Yossi Wellingstein, Sedona’s CEO. “Software and virtualization have become crucial tools in facing the tidal wave of demand for network services. Sedona helps service providers rise to the challenge by using software to fuse the hitherto separate optical and IP layers into one agile and flexible network.”
The new funding round was led by Intel Capital. NextStar also joined as a new investor and previous investor Bessemer Venture Partners participated fully in the round. This brings total investment in the company to $19.6 million.
http://sedonasys.com/index.php/company/news-events/216-sedona-systems-closes-13-6m-series-b-funding
