Networking Startup Plexxi Earns More VC Money With Flex Approach

 
 
By Chris Preimesberger  |  Posted 2012-06-29 Email Print this article Print
 
 
 
 
 
 
 

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.

Nashua, N.H.-based Plexxi has gained the faith of these VC people because it is a network platform that enables users to adapt their networks to changing business needs in real time. This 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.

This is all able to be controlled in an intuitive user interface by line-of-business users, not necessarily IT specialists.

Plexxi began private beta tests on June 19 and has said that its software probably won€™t be generally available until the end of 2012 or in early 2013.

The company's founders are Dave Husak, formerly of Reva Systems, Ephraim Dobbins, formerly at Acme Packet, and Mat Mathews, previously with Arbor Networks.

 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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