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From the Desk of the CEO: Pluribus Raises $20M from Morgan Stanley Expansion Capital to Fuel Growth

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To the Pluribus Networks community:

Today, Pluribus Networks announced a funding round of $20 million led by Morgan Stanley Expansion Capital. This is an extremely exciting time for our company and for the industry, and the capital raised during this round will enable Pluribus to increase R&D and add sales and marketing capacity to accelerate its growth in the distributed cloud market, as well as expand into adjacent segments. In the coming months, we’ll be announcing a number of new product and partner initiatives that reflect the market’s increasing need for cost-effective and highly-automated data center networking fabric solutions.

The timing around this funding news is truly ideal. Industry analysts are consistently forecasting an increase in market opportunities around data center switching as digital transformation continues to accelerate globally – Dell ’Oro Group expects the market to surpass $20 billion by 2025. Furthermore, research completed this year by Enterprise Management Associates shows that the majority of enterprises are increasing their number of data center sites and over 80% intend to deploy active-active data centers to support availability zones. In that same research enterprises identify their top two challenges as network operational complexity and network architecture complexity. Pluribus Networks’ Netvisor® ONE operating system and Adaptive Cloud Fabric™ controllerless SDN software, along with our 10G, 25G, 100G and upcoming 400G Freedom Series of open networking switches, solve these two challenges head on and will help drive momentum towards more agile and scalable network architectures.

Morgan Stanley Expansion Capital understands this drive by enterprises and service providers to modernize, virtualize and cloudify their data center network infrastructure and support cloud-like agility with on prem performance, security and cost savings. They conducted a thorough assessment of these market conditions, as well as our technology, strategy and leadership, and determined that Pluribus Networks is well-positioned to meet the demands of enterprises, telcos and cloud service providers as they transform their networks.

I’m both honored and grateful to be able to share this news with all of you, as none of it would be achievable without the support of our customers, partners, investors, and, of course, the tremendous team at Pluribus Networks. The past two years have seen a business climate unlike anything any of us have ever experienced, yet we’ve kept our focus, identified an increasingly active market need and produced solutions that will be critical to the next generation of distributed cloud networks. I’m looking forward to all that we’ll accomplish together in the months to come.

Cheers,

Kumar Srikantan
CEO Pluribus Networks

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About the Author

Kumar Srikantan

Kumar is the President and CEO of Pluribus Networks. Prior to joining Pluribus, Kumar was VP/GM of HW Engineering for the Enterprise Networking Business at Cisco where he was responsible for the HW engineering execution of Cisco’s Enterprise Networking portfolio. Kumar brings 25 years of diverse leadership and operational experience in the technology industry that spans development, marketing, and engineering across computing, silicon and communications industries.