Google's venture capital arm GV invests in networking startup Plexxi
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Networking startup Plexxi says it has received a funding investment from GV, Google's venture capital arm formerly known as Google Ventures.
Plexxi did not disclose the specific size of the GV investment. But to date the startup has raised around $83 million from several rounds of funding since 2010, most recently a $35 million in Series D back in September.
Previous investors include Lightspeed Venture Partners, Matrix Partners, and North Bridge Venture Partners.
Based in Nashua, New Hampshire, Plexxi is known for its line of switches used in data centers and enterprise IT networks. The company emphasizes applications over infrastructure in order to reduce the required number of switches found in traditional architectures.
Plexxi faces a bevy of competitors in the networking space, ranging from legacy vendors to startups. Just yesterday software defined networking player Big Switch announced that it has raised $48.5 million in additional venture capital to expand into the financial services, government and telecom sectors.
Plexxi says it plans to use GV's cash injection to continue to scale its networking product offerings and company operations.