Centec Networks, a Suzhou, China-based provider of Ethernet switching silicon and SDN white box solutions, raised $47m in Series E funding.
The round was led by China Integrated Circuit Industry Investment Fund (CICF), a national fund established to help develop IC technology companies in China, with participation from existing investor China Electronics Corporation (CEC) through its China Electronics Innovations Fund.
The company, which had raised $30m in previous rounds, intends to use the funds to develop new products and to scale its sales and marketing operations across the globe, especially North America.
Founded in 2005 and led by James Sun, CEO, Centec provides carrier, enterprise and data center networks worldwide with Ethernet switching silicon and SDN white box solutions they need in each layer of the networking stack. The company has developed and released multiple product generations including switch silicon for 1GE10GE, 40GE and 100GE applications, with OCP’s Switch Abstraction Interface (SAI) to facilitate the integration into both commercial and open source Network Operating System (NOS).
FinSMEs
21/09/2016