NetBox Labs, a New York-based open source network management and automation startup, raised $20M in Series A funding.
The round was led by Flybridge Capital with participation from GGV Capital, Grafana Labs CEO Raj Dutt, Mango Capital, Salesforce Ventures, Two Sigma Ventures, IBM, the Founder Collective, and Entrée Capital. As part of the round, David Aronoff of Flybridge, Raj Dutt of Grafana Labs, and Glenn Solomon of GGV Capital will join the board.
Led by CEO Kris Beevers, NetBox Labs partners with companies that build and operate complex networks to help them accelerate network automation by offering open, composable products and by supporting the network automation community. Its NetBox Cloud product offers an enterprise-grade SaaS version of the open source NetBox. It is the commercial administrator of NetBox and Orb, an open source network observability platform.
The company intends to use the funds to scale development and delivery of open source NetBox and NetBox Cloud. Dozens of customers, including Chewy, Dartmouth College, and Constant Contact, already use NetBox Cloud.
The Series A round follows the company’s spin-out from NS1, which was recently acquired by IBM. Kris Beevers, former CEO of NS1, is leading NetBox Labs as co-founder and chief executive officer, with NetBox Lead Maintainer Jeremy Stretch also serving as a co-founder. Former NS1 executives in finance, operations, technology, product, and business development, as well as more than a dozen dedicated team members, round out the NetBox Labs staff.
The company will be headquartered in New York City with a global, remote workforce.
FinSMEs
11/04/2023