Plexxi Bags $20M More

Lightspeed Venture Partners, Matrix Partners and Northbridge Venture Partners joined to provide Plexxi, the cloud datacenter company, with a $20 million Series B, the company reported via its blog. The funding brings the company’s total capital raised to $28.38 million, founder and CEO Dave Husak said on the company’s site.


I have great news to report: We have new funding, a blog, and even a Twitter handle (!/plexxiinc) (@plexxiinc). It’s been a productive day.
Here is what I can share about our new financing: We’ve raised our Series-B round, bringing in $20 million. Thanks to Lightspeed Venture Partners, who led this round, as well as our Series-A investors Matrix Partners and Northbridge Venture Partners, who participated as well. This brings our total funding to date to $28 million and change ($28.38 million for anyone who wants to track the details).
What these firms share (in addition to spectacular track records and very deep pockets) is a clear understanding of the markets we are entering and the problems we are solving, informed by their networks of top executives, entrepreneurs, end-users and decision-makers in IT organizations world-wide. While we are working toward the ultimate market validation of vast numbers of delighted (and paying!) customers, we consider this new financing a very strong endorsement of our strategy, our product plans and our team. We are correspondingly delighted to be working with each of them.

So, while we aren’t yet ready to tell our story, we’ll begin sharing our thoughts here about the problems faced in building state-of-the-art enterprise and cloud datacenter networks with 20th-century networking technology; and the nature, features and functions of a better solution.
For now, we’re going to keep our heads down and get back to work. Come back often and share your thoughts about how networking can improve, and we’ll be happy to share ours.