US-based server automation technology startup Packet completed a $9.4m series A round on Wednesday led by telecommunications and internet group SoftBank.
Founded in 2014, Packet has developed technology that automates physical servers and networks. Users can build on the company’s public cloud service or use its automation software to boost their own private computing infrastructure
SoftBank invested in conjunction with the formation of a strategic partnership that will take Packet’s technology and services to the corporate’s home country of Japan. DH Capital was financial advisor to Packet on the transaction.
Zachary Smith, chief executive of Packet, said: “As one of the most forward-looking investors in the world, SoftBank is a natural partner for our vision of automating fundamental infrastructure, no matter where it is.
“In a market dominated by giants, we feel that a bold partner comfortable with challenging the status quo is exactly what we need to aggressively expand our current momentum in the global cloud marketplace and bring our infrastructure automation expertise to private data centres.”