Arrcus, a hyper-scale networking software company and a leader in core, edge and multi-cloud network infrastructure, closes a fresh financing round today that brings to $50 million the total capital raised since the last venture financing round. Prosperity7 Ventures leads the Series D equity round.
“Leading global customers are making the shift to Arrcus’ disruptively innovative ACE platform for data center switching, 5G carrier routing and multi-cloud networking. As we continue gaining market momentum, we are pleased to welcome Prosperity7 as our new lead investor,” said Shekar Ayyar (pictured), CEO and chairman at Arrcus. “With its extensive global reach, Prosperity7 is a great investor and partner for us in its ability to support us in our rapid growth and future investment requirements.”
In this financing round, Prosperity7 is joined by existing investors Clear Ventures, General Catalyst, Liberty Global and Lightspeed, as well as Silicon Valley Bank. Upon completion of the round, in an investment climate where many companies are being marked down, Arrcus’ valuation will nearly double. The funds will be used to grow Arrcus’ global go-to-market presence, in addition to strengthening engineering and R&D talent.
“Modern networks that can flexibly leverage private infrastructure, as well as public clouds and 5G, will be key to unlocking the fourth industrial revolution and driving the next wave of digital transformation in critical industries that power the world,” said Aysar Tayeb, executive managing director of Prosperity7. “We believe Arrcus is a disruptive leader in next-generation network infrastructure that is software-defined, flexible, programmable and efficient; and we are excited to support the company and its distinguished team.”
The Arrcus Connected Edge (ACE) platform and solutions based on ACE like SRv6 Mobile User Plane for 5G networks, Virtualized Distributed Routing (VDR), Hyperscale Datacenter switching and FlexMCN for multi-cloud connectivity see adoption across customers in many verticals spanning enterprises, communications service providers and cloud operators. And partners across the infrastructure and network applications landscape are adopting the Arrcus Partner with ACE (PACE) program.
For more information, go to www.arrcus.com
