PortfolioRaising money

Portfolio Company Glue Networks Raises New Round

Glue Networks -- Intelligent Cloud NetworkingEarly this year, Glue Networks raised a new round of funding.  The $12.4 million raised is from private investors to boost its product portfolio and marketing as the company steps up its ability to go after the SDN wide area networking (WAN) market.

The new round of financing is in addition to a $4.5 million angel financing round (including the Sacramento Angels) the company announced in December 2010, bringing its total funding up to $16.9 million. According to Glue Networks, the financing is being used to “address growing user interest in bringing agility, speed and price performance” to the branch WAN.

Glue, which was founded in 2007 and has been shipping products since 2011, takes a different tact than most vendors in the SDN space. Instead of focusing on the data center, Glue has staked its claim in the WAN space, using SDN to bring the technologies’ benefits to the WAN market. Read the full press release.

Leave a Reply