Rockport Networks Raises $48M in Funding

Rockport Networks

Rockport Networks, an Ottawa, Ontario, Canada-based switchless network provider, raised $48m in funding.

The investment was led by Northern Private Capital with participation from current investors.

The funding will accelerate the company’s go-to-market plan and expand its sales and marketing efforts.

Led by Co-Founder and Co-CEO Doug Carwardine and newly added Co-CEO Marc Sultzbaugh, Rockport Networks recently announced the general availability of its new switchless network architecture that delivers high performance and scalability necessary for performance-intensive compute and storage workloads supporting HPC, AI and ML. The Rockport Switchless Network offers a completely new design, using breakthrough software and data-routing techniques to overcome congestion.

Sultzbaugh will be responsible for all aspects of Rockport’s growth including technology and product management, marketing, sales, manufacturing and customer relationships. He brings extensive technical and management experience to his new position, having worked in the semiconductor industry for more than 30 years. Sultzbaugh spent 20 years as an executive at Mellanox where he was instrumental in leading the company from the launch of its first product, to a nearly $2B annual revenue run rate at the time of its acquisition by NVIDIA.

Carwardine will continue to oversee research and development, people and culture and finance.

The Rockport solution is now in use with multiple customers including Frontera, the number one academic supercomputer located at the University of Texas’ Advanced Computing Center, Austin.