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Big Switch Scores New Funding Round

Mitch Wagner
10/29/2015
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Bare metal SDN trailblazer Big Switch plans next week to announce its fourth round of funding, Light Reading has learned. The company will invest the money in sales, marketing and global expansion, with an eye toward an IPO in two or three years, according to Silicon Valley sources.

Big Switch Networks , founded in 2010, has received three rounds of funding to date -- a seed, and Round A and B, for a total of $44.3 million, with the most recent round happening in 2012. Investors include Bill Meehan, Greylock Partners, Index Ventures, Intel Capital, Kosla Ventures, Mark Leslie, Morgenthaler Ventures and Redpoint Ventures.

Big Switch faced an uphill battle at first, explaining the value of bare metal SDN to a market of network operators wedded to proprietary equipment and software. However, the company has gained momentum recently with the emergence of New IP networks, winning seven-figure deals with mobile operators, telcos, financial services, high tech, the US government and higher education. Big Switch's core customer base is the Fortune 50–2000.


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The company has achieved seven consecutive quarters of 40% quarter-over-quarter growth, with a run rate of more than 250% growth year over year.

Big Switch packages its products as self-contained racks of white box switches, which it calls pods, running SDN software. The Big Monitoring Fabric taps network traffic for analytics, particularly useful in watching for anomalous behavior that could indicate a security breach. The Big Cloud Fabric is a fully functional SDN network for deploying cloud networks, including OpenStack and big data applications.

Dell Technologies (Nasdaq: DELL) is a top channel partner for Big Switch, distributing the fabric for its switches, in conjunction with VMware Inc. (NYSE: VMW) NSX as part of a bid to compete with Cisco Systems Inc. (Nasdaq: CSCO) ACI. Dell plans to acquire EMC Corp. (NYSE: EMC), which in turn owns 80% of VMware. (See Dell-EMC-VMware Merger Could Push Comms to Kids' Table.)

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— Mitch Wagner, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profileFollow me on Facebook, West Coast Bureau Chief, Light Reading. Got a tip about SDN or NFV? Send it to [email protected]

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gin-drinker
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gin-drinker,
User Rank: Lightning
10/30/2015 | 12:35:05 PM
Re: Growth
Agreed - impressive growth.  I think we'll see some interesting announcements on next gen IP architectures over the next 12 months.  The various building blocks seem like they are reaching a critical mass of usefulness.
PoulArf
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PoulArf,
User Rank: Light Beer
10/29/2015 | 5:36:28 PM
Re: Growth
40% growth over seven quarters means a 1535 times increase. This is impressive only if the first quarter has any revenues otherwise it is not significant.

 
Mitch Wagner
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Mitch Wagner,
User Rank: Lightning
10/29/2015 | 4:39:08 PM
Re: Growth
40% growth for one quarter is impressive but not all THAT impressive for a small company. 

40% growth for seven straight quarters is impressive even for a small company.
danielcawrey
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danielcawrey,
User Rank: Light Sabre
10/29/2015 | 2:34:10 PM
Growth
40% quarter over quarter growth in not something to laught at, which means Big Switch is on to something. 

White box packagaing of SDN makes a ton of sense. Organizations looking at this technology are in need of a solution over a bunhc of disparate parts to put together. Seems like Big Switch is on to something. 
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