USA, BLADE Network Technologies Secures Series B Funding

BLADE Network Technologies, the provider of data center networking, closed a Series B funding round, which reportedly brought the company value to $230m.
The round was led by NEC Corporation and Juniper Networks. Garnett & Helfrich Capital, BLADE’s founding investor, and a technology industry leader also participated in the funding.
Vikram Mehta, president and CEO of BLADE, was quoted as saying: “Since we established BLADE Network Technologies as an independent company in 2006, we have achieved impressive growth and an unsurpassed series of technology and industry firsts, as well as establishing ourselves as the market leader in cloud-ready networking.

“This strategic investment from world leaders will fuel the acceleration of our pace-setting business performance as our committed team of BLADErs continues to delight our customers”.
The Santa Clara, Ca.-based company will use the proceeds to accelerate research and development and expand global sales and marketing.


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