Networking Startup Plexxi Earns More VC Money With Flex Approach
Plexxi takes into account not only flexibility in the available amount of bandwidth for a given spike or drop in network activity, but also when more or fewer security layers are needed per workload.Servers, storage, processors and the Internet itself have undergone rapid transformations during the last few years. Now networking -- long a bastion of standardivity, outside of increasing bandwidths -- is starting to see some innovation, led by some new players. One of those is 30-person stealth startup Plexxi, which revealed June 29 that it has secured another $20.1 million in Series C funding from its current investors. This brings its VC funding to a total of just more than $48 million in less than a year's time; the company had raised a total of $28.38 million in July 2011 from three venture firms previously.
The investments come from Boston area-based North Bridge Partners and Matrix Partners and Silicon Valley-based Lightspeed Venture Partners.