Arrcus announced a USD 30 Million Investment in the latest Series B funding.
According to the announcement, Lightspeed Ventures Partners led the latest investment round. Existing investors Clear Ventures and General Catalyst also participated.
The company previously secured a seed and Series A of around $19 Million from Clear Ventures and General Catalyst. This brings the total secured capital to $49 Million.
Recently, Arrcus launched multiple high-density 100GbE and 400GbE routing solutions for hyperscale cloud, edge, and 5G networks. To deliver real-time, transformational insights and telemetry for a modern network operations center (NOC) solution, the company also announced its AI-driven analytics platform, ArcIQ. The platform detects anomalies, provides visualization for corrective actions and maximizes network uptime, says the announcement.
Executive Opinion
Arrcus co-founder and CEO Devesh Garg, said, "I'm thrilled that Lightspeed and Guru have joined the Arrcus team as they strengthen our infrastructure expertise and operational scale to support the ArcOS® production ramp. Business providers and enterprises alike want to move away from closed, proprietary, vertically-integrated systems and prefer the freedom of choice. It’s an exciting time at Arrcus as our disruptive vision democratizes the networking industry by providing best-in-class software, the most flexible consumption model, and the lowest total cost of ownership for our customers."Partner at Lightspeed, Guru Chahal, said, "Data center, cloud-to-edge and 5G solutions, and the information revolution are all accelerating broad-based infrastructure upgrade cycles that require flexible, massively-scalable, and highly cost-efficient routing-centric networking solutions. Arrcus has solved these foundational challenges and has all the ingredients to lead the transformation for this large market.
More on Latest Investment
Arrcus is planning to use the latest investment to expand its operations to support growing customer base, scale strategic partnerships. The company also plans to invest to expand the reach of its market-leading independent network operating system, ArcOS, notes the announcement.The announcement notes that Arrcus solutions provide single and unified architecture across physical, virtual, and cloud network environments. Arrcus claimed the cost-effective design, deploy, and manage infrastructure for their customers and meets scaling needs of hyperscale cloud, edge, as well as 5G networks.
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