BENU RAISES $26.6 MILLION IN OVERSUBSCRIBED SERIES B FUNDING ROUND
Benu Raises $26.6 Million in Oversubscribed Series B Funding Round Sutter Hill Ventures Leads New Round to Fuel Benu’s Revenue Growth.
Boston, Palo Alto, New York – September 10, 2013 – Benu Networks Inc., announces $26.6 Million Series B funding led by Sutter Hill Ventures, a premier venture capital firm known for many successful investments in IT/communication infrastructure. Existing investors Spark Capital and Comcast Ventures also participated in the round. Sutter Hill Ventures’ Managing Director Stefan Dyckerhoff joins Benu’s Board of Directors. The funding will accelerate Benu’s go-to-market strategy.
Founded in 2010, Benu is revolutionizing Carrier Wi-Fi and HetNet deployments for Fixed and Mobile Broadband Operators worldwide. Benu’s solutions simplify large-scale networks by moving the intelligence and complexity from Access Networks to the Packet Core leveraging SDN/NFV. “Benu’s disruptive approach for large-scale device management, session control and IP service intelligence solves a big networking problem for Wi-Fi and HetNet deployments and influenced our decision to invest in the company,” said Dyckerhoff.
Benu will use this funding to drive customer acquisition and accelerate Benu’s innovative approach for Carrier Wi-Fi and HetNet deployments. “Benu has a strong Board of Directors, experienced management team, clear competitive advantage and a major North American Tier-1 customer deployment,” said Dave Callan, founder and CEO of Benu Networks. “The next phase of Benu’s growth is to continue to gain market share with our unmatched solutions and maintain our strategic competitive advantage.” website host information.