Bigleaf Networks has closed a $21 million series B funding led by Updata Partners with participation from the Oregon Venture Fund, SeaChange Fund, and other existing investors. This funding will help accelerate product innovation for their SD-WAN platform and expand their offering into new markets and channels.
The funding follows a year of momentum for the Beaverton-based company. Since its last funding round in January 2018, Bigleaf has tripled their recurring revenue and their team.
Bigleaf has become a highly differentiated vendor in a growing, and sometimes crowded, SD-WAN market. Current networking technologies have been built for the large enterprise use-case of site-to-site networking. According to the company, SMB and mid-sized companies are left behind—companies with the uptime and performance requirements of a large enterprise, but without the budget, IT expertise, or site-to-site focus.
