Forward Networks nets $16M to help prevent network outages
Summary
This Series B round was led by DFJ, with participation from previous investors Andreessen Horowitz and A.Capital Ventures (the early stage fund that Ronny Conway left A16Z to create). There has been a big pinch.” A lot of the responsibility for having everything work smoothly and avoiding outages falls to network operations teams, who take in tickets and issue fixes. As you would expect, the company is not able to reveal a full list of its customers, but it notes a couple of biggies that point to what kinds of businesses are using it: DXC, the HP Enterprise and CSC merged IT services leviathan; and Telstra, the Australian incumbent telco. Veriflow, also founded by university networking PhD’s, last year also announced its own raise of $11 million from an equally impressive set of backers: Menlo Ventures and NEA. “The company’s execution, vision and intense commitment to its customers is further proof that this was a smart investment.” “I am delighted to be part of the continued success of Forward Networks”, said Ronny Conway, founder and general partner at A.Capital, in a statement.
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