Akanda Secures Seed Funding

akandaAkanda, a San Francisco, CA-based open source network virtualization solution built for OpenStack environments, secured seed funding.

The amount of the deal was not disclosed.

The round was led by New Dream Network (parent company of DreamHost), with participation from The Fabric, Double M Partners, Rincon Venture Partners, Simon Anderson (CEO of DreamHost) and Matt Ocko.

The company intends to use the funds to scale out the technical team, accelerate platform development, and support production implementations.

Launched in November 2014 by Henrik Rosendahl, CEO, Akanda is a developer and supporter of the open source Akanda network virtualization software project. It provides an integrated networking stack that manages routing, firewall and load balancing in secure multi-tenant OpenStack environments.



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