Gainspeed, a US-based technology company which provides cable network architecture, has raised an undisclosed amount of series B funding led by Juniper Strategic Investments, the corporate venturing arm of networking equipment manufacturer Juniper Networks.
Previously, in September 2012, Gainspeed closed a $23m series A funding round led by NEA, Andreessen Horowitz, and Shasta Ventures.
Drew Perkins, chief executive officer of Gainspeed, said: “Juniper Networks is widely regarded as an industry leader and innovator, and Gainspeed is thrilled to have it as a strategic investor. Juniper’s decision to invest in and collaborate with Gainspeed is a strong validation of our groundbreaking distributed cable access architecture and accomplishments.”
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.”