Singapore government fund Temasek Holdings has emerged as the lead investor in the $50 million Series D Round raised by Programmable Software Defined Neworking (SDN) startup Pluribus Networks. The latest round takes the total amount raised by Pluribus, so far, to $95 million.
Along with the Singapore fund, Pluribus has also got two new global strategic investors – communication gear maker Ericsson and Newtech, a leading turnkey datacenter infrastructure provider in Asia.
Pluribus said it will use the funds expanding its sales, marketing, business development and engineering to support the rapidly growing customer demand for the company’ products and services.
“We are excited to have Temasek Holdings, a marquis investment company with global presence, as well as Ericsson, a global player in the telecom and service provider cloud infrastructure segment participate in this investment round in Pluribus Networks,” said Jerry Yang, co-founder of Yahoo!, lead investor of AME Cloud Ventures and the first investor in Pluribus Networks.
Added Kumar Srikantan, president and CEO of Pluribus Networks: “Fundamentally, the sea has changed and CIOs are turning away from endless hardware upgrade cycles to a software and network-application-centric view. The funding we are announcing today validates our architecture approach and the breakaway growth potential of the company.”