US-based data centre networking technology provider Big Switch Networks has secured $30.7m in financing from investors including corporate venturing subsidiaries of computing technology provider Dell and semiconductor producer Intel.
Dell Technologies Capital and Intel Capital were joined by Silverlake Waterman, Index Ventures, Morgenthaler Ventures, MSD Capital, Redpoint Ventures, Khosla Ventures, an undisclosed tier-one service provider and undisclosed angel investors.
Founded in 2010, Big Switch is developing intelligent, automated and flexible networks for data centres. It will invest the new funding in expanding its sales capabilities and product range.
The round took Big Switch’s overall funding to $120m, it said in a statement on Thursday. Intel Capital provided $6.5m in 2013 to extend the company’s series B round, which included Goldman Sachs, Index Ventures, Khosla Ventures and Redpoint Ventures, to $31.5m.
Networking equipment producer Accton took part in a $48.5m series C round for Big Switch in January 2016 that was also backed by Morgenthaler Ventures, Silver Lake Waterman, Index Ventures, Khosla Ventures, Redpoint Ventures, MSD Capital and CID Group.
Douglas Murray, chief executive of Big Switch Networks, said: “This funding is an important vote of confidence from a world class group of investors in Big Switch’s ability to execute on our mission to disrupt the status quo of networking.
“This financing will enable us to further expand our geographical footprint and to invest in regions where we are seeing accelerating adoption of our products.”