Temasek leads Pluribus’ latest $50m funding round

Pluribus homepage

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.

All existing investors in Pluribus, including New Enterprise Associates (NEA), Menlo Ventures, Mohr Davidow and AME Cloud Ventures, also participated in the latest round, the company said.

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.”

Related stories 

Temasek inks $180m deal with Virtu for 10% stake

Adyen raises $250m from Temasek, others

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.