128 Technology Raises $30M to Fuel Growth

This past May we reported that 128 Technology partnered with AudioCodes on SD-WAN. The joint solution featured multiple WAN access interfaces, dynamic multi-path routing, session border controllers (SBC), and VoIP media gateways, all on a single AudioCodes Mediant 800 platform.

the SD-WAN space has been growing rapidly, fueled by the need for added security, business continuity and the arbitrage of replacing MPLS where possible.

This is likely part of the reason, 128 Technology received tremendous attention from attendees at the last SD-WAN Expo in Florida.

There has been a great deal of funding in the space -the largest round likely went to Aryaka… We reported in June they received $50 from Goldman Sachs.

128 Technology has been setting up for growth. At the beginning of this month, they hired industry veteran Mark Vella as VP of Business Development and Alliances. He worked at Acme Packet – where the founders of 128 came from and then worked for Oracle post-acquisition, followed by two years at Benu Networks and a year at Avaya.

128 Technology has now received a $30M series D used to grow channel and alliances with cloud providers, direct enterprises and managed service providers.

“The latest round of funding comes at a pivotal time for 128 Technology, when we’re seeing higher than ever demand for our session-based, service-centric networking approach,” said Andy Ory, CEO of 128 Technology. “As virtualization and cloud are shaping our connected future, 128 Technology’s approach offers users a simple, agile solution and helps enterprises manage their networks efficiently and securely.”

“Andy Ory and his rapidly growing 128 Technology team have disrupted the multi-billion-dollar market for traditional networking by delivering proven, next-generation network services that give customers freedom from increased risks, unnecessary costs and vendor lock-in,” said Sonja Hoel Perkins, Managing Director, The Perkins Fund. “As companies around the globe continue to invest in solutions that meet the demands for a new model of virtual networking, 128 Technology has created a large, untapped market opportunity.”

“High bandwidth costs drove CMC Networks to look for an SD-WAN solution that addresses the unique challenges of the Middle East and Africa region. 128 Technology’s Session Smart router transforms our network without tunneling technology, allowing us to provide better service quality to our customers, while deploying the most cost-effective and competitive solution available in the market,” said Marisa Trisolino, Chief Executive Officer, CMC Networks. “To date, we’ve realized bandwidth savings of 30-40% compared with other products. We are excited about how the 128T platform will transform the customer experience. Our customers can leverage a lower cost and better-quality solution, allowing for a smooth transition from legacy networking technologies.”

“The SD-WAN market drivers have evolved from simple MPLS replacement to secure and assured virtual and cloud networking,” said Tom Nolle, 128 Technology Technical Advisory Board member. “Only one player, 128 Technology, has consistently led in that new session-smart, cloud-defined mission. With this new round of financing, the company is positioned to not only continue its technology leadership, but expand it.”

It’s an exciting time for customers looking for SD-WAN solutions and digital transformation tools in general. Companies should come and learn about the latest in everything you need! SIP Trunking, UCaaS, the Channel, IT, IOT, Edge, Cybersecurity, AI, SD-WAN, and the Future of Work at the world’s only SD-WAN Expo and MSP Expo, part of the ITEXPO #TechSuperShow, Feb 12-14, 2020 Fort Lauderdale, FL.

You will see all the leaders in SD-WAN, including:

  • Aryaka
  • Singtel
  • HughesON
  • Adaptiv Networks
  • Fujitsu
  • Oracle
  • Tallac

 

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