Software Defined Networking ( #SDN ) vendor Big Switch Networks is announcing a new Series C round of funding bringing in $48.5 million. Total funding to date for Big Switch now stands at $94 million.
The Series C round included participation from Morgenthaler Ventures, Silver Lake Partners, Accton, CID Group, and Michael Dell’s MSD Capital, among others. Kyle Forster, founder of Big Switch highlighted the participation of Silver Lake in particular, which is a group that tends to invest in late stage company and is well known in the industry for helping to take public like Dell companies private.
As to how Silver Lake came to invest in Big Switch, Forster explained that former Cisco senior executive Charles Giancarlo has been an angel investor in Big Switch. Giancarlo is also a former operating partner at Silver Lake.
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