US-based networking technology company Pluribus Networks raised $50m yesterday in a series D round backed by telecommunications equipment producer Ericsson and turnkey data centre infrastructure provider Newtech.
The round was led by Temasek Holdings, an investment company owned by Singapore’s Ministry of Finance, and also featured existing investors New Enterprise Associates, Menlo Ventures, Mohr Davidow Ventures and AME Cloud Ventures.
Pluribus has now raised $95m in funding since its incorporation in 2010. Private equity firm China Broadband Capital, which led a $44m series C round in 2013, is also an existing investor.
The company has developed software to operate public and private cloud data centres. It will use the series D funding to increase its sales and marketing efforts, and to support business development and engineering.
Kumar Srikantan, president and chief executive of Pluribus Networks, said: “The funding we are announcing today validates our architecture approach and the breakaway growth potential of the company.”