Arrcus, a hyperscale networking software start-up based in San Jose, California, announced the close of a fresh financing round that brings to $50 million the total capital raised since the last venture financing round.
Arrcus said it is seeing widespread adoption of its Arrcus Connected Edge (ACE) platform as well as solutions based on ACE like SRv6 for 5G networks, Virtualized Distributed Routing (VDR), Hyperscale Datacenter switching and FlexMCN for multi-cloud connectivity. The company has attracted customers in many verticals spanning enterprises, communications service providers and cloud operators.
“Leading global customers are making the shift to Arrcus’ disruptively innovative ACE platform for data center switching, 5G carrier routing and multi-cloud networking. As we continue gaining market momentum, we are pleased to welcome Prosperity7 as our new lead investor,” said Shekar Ayyar, CEO and chairman at Arrcus. “With its extensive global reach, Prosperity7 is a great investor and partner for us in its ability to support us in our rapid growth and future investment requirements.”
This Series D round of funding was led by Prosperity7 Ventures and joined by existing investors Clear Ventures, General Catalyst, Liberty Global and Lightspeed, as well as Silicon Valley Bank, which provided credit facilities.
Arrcus notes the following highlights from 2022:
- 100%+ bookings CAGR at the end of 2022
- 100%+ customer expansion year-over-year, pointing to the growing need for Arrcus’ ACE disaggregated switching and routing solutions with substantial reduction in capital and operating costs for customer networks
- A 70% increase in global headcount
What’s next for multi-cloud routing and switching in 2023?
