128 Technology, a Burlington, MA-based Session Smart™ Routing company, closed $30m in Series D financing.
Backers included executive management and current employees of 128 Technology, G20 Ventures, The Perkins Fund and individual investors.
The funding round brings 128 Technology’s total amount of capital raised to $97.4M.
It will be used to invest in key areas of growth, including:
– customer growth around the globe, with particular focus on expanding relationships with leading Cloud providers, direct enterprises and key managed service providers, and
– further innovations to its virtual networking technology.
Led by Andy Ory, CEO, 128 Technology is a software-based networking company which leverages session-smart networking to enable enterprise customers and service providers to create a service-centric fabric.
The company’s Session Smart Router is a cloud-defined, experience-based and natively secure virtual routing solution for companies focused on connecting their users with experiences through digital transformation agendas. The resources and applications delivering those experiences are virtualized, distributed, elastic and cloud-native.
128 Technology also has operations throughout North America, South America, Europe and Asia Pacific.