The round was led by Bain Capital Ventures with participation from aCrew Capital. In conjunction with the funding, Enrique Salem, partner at Bain Capital Ventures and former CEO of Symantec, joined Augtera’s board of directors.
The company intends to use the funds to expand operations to support existing and production deployments across Global 1000 companies, scale strategic partnerships and accelerate adoption.
Founded by industry veterans Rahul Aggarwal and Bhupesh Kothari, Augtera Networks provides an AI platform built from the ground up for networks. The company’s solution, which is built from the ground up for networks, brings the benefits of AI-augmented operations, planning and orchestration to physical, virtual and cloud network environments.
Augtera has developed proprietary algorithms with over two years of R&D to apply machine learning to the networking domain. These algorithms have been built and matured using production data from nine very large scale networks. AI applications that leverage these algorithms are custom built for networking constructs. These AI applications are powered by the company’s platform, which provides the data plumbing, network models, scale, visualization, ecosystem integration and agility needed to bring the benefits of AI to complex and dynamic networking environments.