Plexxi Raises $35 Million to Transform Networks for a New IT Era
Summary
The investment in Plexxi is recognition of the companys groundbreaking approach and market adoption in building a new generation of software-defined data centers that deliver a flexible, agile architecture for new scale-out application and cloud services offerings. "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. "The cloud will help spur the adoption of software defined networking (SDN) that is another key driver in the evolution from an enterprise-driven to a cloud-dominated Ethernet switching market. The infusion of capital will help fuel the rapid expansion of Plexxis sales, marketing, customer support, and research and development efforts as it accelerates the companys vision of a software-defined architecture in datacenters and service provider networks. Since his introduction, Plexxi has been focused on gaining customers across three rapidly growing markets: agile datacenters, scale-out application infrastructure and distributed cloud co-location service providers.