PacketFabric Secures $75m Joint Venture Funding with Digital Alpha Advisors Supporting Connectivity Advances for Next-Generation Networking Platforms
Summary
PacketFabric is the ideal combination of carrier network and software as a service, offering a wide range of connectivity solutions between colocation, cloud, and to business partners. There’s tremendous potential for new service creation so we’re thrilled to partner with the PacketFabric team to build on the business’ already strong foundation.” The investment also enables new partnership opportunities with Cisco. These include: • Evolving to a more flexible and scalable Segment Routing (SR-MPLS) architecture • Enabling agile provisioning and management for reliable multi-cloud on-ramp services through PacketFabric’s globally distributed network. We’re very happy to have them as a partner.” With this investment, Digital Alpha will be a controlling investor and has appointed Partners Rick Shrotri and Vasa Babic to the board, bringing decades of technology and telecommunications experience. NANT companies accelerate and lead improvements in healthcare treatment to those in need, develop and deploy breakthroughs in medical therapy, augment intelligence as well as deliver energy storage.
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