Auvik Networks Inc., a Waterloo, ON, Canada-based cloud managed network automation platform, raised $6m in first funding round.
Backers included Celtic House Venture Partners, Rho Canada Ventures, BDC Venture Capital IT Fund and the company’s founders.
The company intends to use the capital to accelerate the development and initial commercialization of its platform.
Co-founded by CEO Marc Morin (ex-Founder/CTO of both PixStream and Sandvine), David Yach (ex-CTO Software RIM, VP Sybase) and Alex Hoff (Product Manager, Sandvine), Auvik provides IT with a cloud managed network automation platform to configure, monitor, and manage network devices and applications.
The core technology is a proprietary compiler that constructs network configurations from abstract business requirements allowing IT to approach networking focusing on supporting business goals rather than worrying about network configuration.
FinSMEs
16/05/2013