PacketFabric has announced a $75 million joint venture investment from Digital Alpha Advisors to advance the company’s groundbreaking network offering.
PacketFabric will use the investment to further develop its technology and scale its availability across the U.S., as well as globally. The joint venture will serve as a catalyst for additional network architecture enhancements, creating groundbreaking customization and responsiveness features.
The new services brought to market by PacketFabric will provide the agility and security that enterprise customers seek in the cloud-based management of connectivity infrastructure.
The investment also enables new partnership opportunities with Cisco. These include:
- Evolving to a more flexible and scalable Segment Routing (SR-MPLS) architecture; and
- Enabling agile provisioning and management for reliable multi-cloud on-ramp services through PacketFabric’s globally distributed network.
With this investment, Digital Alpha will be a controlling investor and has appointed Partners Rick Shrotri and Vasa Babic to the board.