Arrcus, the hyperscale networking software company and a leader in core, edge, and multi-cloud network infrastructure, announced the close of a fresh financing round that brings $50 million in total capital raised since the last venture financing round. The new funds will be used to grow Arrcus’ global go-to-market presence, in addition to strengthening engineering and R&D talent.
Prosperity7 Ventures is leading the Series D equity round. In this round of financing, Prosperity7 is joined by existing investors Clear Ventures, General Catalyst, Liberty Global and Lightspeed, as well as Silicon Valley Bank, which provided credit facilities.
“Leading global customers are making the shift to Arrcus’ disruptively innovative ACE platform for data center switching, 5G carrier routing and multi-cloud networking. As we continue gaining market momentum, we are pleased to welcome Prosperity7 as our new lead investor,” said Shekar Ayyar, CEO and chairman at Arrcus. “With its extensive global reach, Prosperity7 is a great investor and partner for us in its ability to support us in our rapid growth and future investment requirements.”
The Arrcus Connected Edge (ACE) platform as well as solutions based on ACE like SRv6 for 5G networks, Virtualized Distributed Routing (VDR), Hyperscale Datacenter switching, and FlexMCN for multi-cloud connectivity are seeing widespread adoption across customers in many verticals spanning enterprises, communications service providers and cloud operators. And partners across the infrastructure and network applications landscape are rapidly adopting the Arrcus Partner with ACE (PACE) program.
“Modern networks that can flexibly leverage private infrastructure as well as public clouds and 5G will be key to unlocking the fourth industrial revolution and driving the next wave of digital transformation in critical industries that power the world,” said Aysar Tayeb, executive managing director of Prosperity7. “We believe Arrcus is a disruptive leader in next generation network infrastructure that is software defined, flexible, programmable and efficient; and we are excited to support the company and its distinguished team.”
For more information about this news, visit https://arrcus.com.