Gainspeed has received an undisclosed amount of Series B funding in a round led by Juniper Networks. Based in Sunnyvale, Calif., Gainspeed is a provider of solutions for cable networks. In addition to Juniper Networks, Gainspeed is backed by NEA, Andreessen Horowitz and Shasta Ventures.
SUNNYVALE, Calif. — October 23, 2013 – Juniper Networks, the industry leader in network innovation, today announced it led Gainspeed’s Series B funding round. The investment from Juniper Strategic Investments will enable Gainspeed to accelerate growth and deliver a next-generation cable platform that will address the limitations of today’s cable networks in a simple and cost-effective manner. Terms of the investment were not disclosed.
“Juniper Networks is widely regarded as an industry leader and innovator, and Gainspeed is thrilled to have it as a strategic investor,” said Drew Perkins, CEO of Gainspeed. “Juniper’s decision to invest in and collaborate with Gainspeed is a strong validation of our groundbreaking distributed cable access architecture and accomplishments. We look forward to working closely with Juniper to deliver on our shared vision and address the challenges cable operators face today.”
“We are excited about the significant benefits Gainspeed’s solution can provide our MSO customers as they continue to improve their services and introduce new ones,” said Jeff Lipton, vice president, Venture and Strategic Investments, Juniper Networks. “Gainspeed’s architecture is closely aligned with our strategy and vision. We look forward to working with Gainspeed and support the company as a strategic investor.”
According to Gainspeed, its architecture centralizes control in the data center and distributes processing to the edge of the network, delivering up to a 10x price/performance advantage over alternative approaches. It will create a network that is more efficient, less complex and easier to scale and operate, enabling cable operators to meet skyrocketing capacity requirements, respond to changing market demands, and rapidly deploy new services all while cost-effectively migrating their networks to a software-driven, all-IP architecture.
Gainspeed is redefining how cable networks are built. Its software driven, all-IP distributed access architecture addresses the limitations of today’s monolithic headend and overburdened access networks. Gainspeed’s Virtual CCAP solution, distributes processing to the edge of the network and centralizes control, enabling cable operators to satisfy exponentially growing capacity requirements, accommodate the shift to IP video, rapidly deploy new residential and commercial services, and reduce CAPEX and OPEX. Headquartered in Sunnyvale, California, Gainspeed is backed by leading investors including NEA, Andreessen Horowitz, Shasta Ventures and Juniper Networks.
About Juniper Strategic Investments
Juniper Strategic Investments is a stage-agnostic initiative backed solely by Juniper Networks (NYSE:JNPR). It invests in software, systems, and component-based technologies. Juniper Strategic Investments looks for entrepreneurs and technology leaders that drive disruptive innovation, and have visions consistent with Juniper Networks.