Investor interest in Arrcus grows as Hitachi Ventures is latest to join Series D
Jul 10, 2023
SAN JOSE, California – Arrcus, the hyperscale networking software company and a leader in core, 5G/edge and multi-cloud routing and switching, today announced a significant new investment from Hitachi Ventures, the venture arm of Hitachi, for an additional closing of its Series D. This new investment showcases growing investor interest in Arrcus from strategic and corporate venture groups. This infusion of capital will empower Arrcus to accelerate its growth, expand market reach, and continue delivering cost-effective and transformational networking solutions to customers worldwide.
Hitachi Ventures' investment will bolster Arrcus' mission to revolutionize the networking industry through innovative software-driven solutions. With increasing adoption of Arrcus routing and switching solutions by Fortune 500 and Global 2000 customers, Arrcus and Hitachi Ventures are excited about the potential for creating complementary solutions for enterprise and service provider customers.
"We are thrilled to welcome Hitachi Ventures as our latest investor into our Series D and value this partnership. Hitachi Ventures’ deep industry expertise and reach will strengthen our position as a leading provider of software-driven networking solutions," said Shekar Ayyar, chairman and CEO of Arrcus. "This investment further validates our innovative technology and signifies the immense market potential for which we are staking a claim."
Hitachi Ventures brings an exceptional track record of successful investments in cutting-edge technology companies and a wealth of knowledge in enabling digital transformations across various industries. The partnership helps solidify Arrcus’ position as a foundational infrastructure provider to leading corporations, paving the way for future growth and expansion.
"We are excited to be investing in Arrcus and participating in its growth," stated Gayathri Radhakrishnan, Partner, Hitachi Ventures. "Arrcus' innovative networking solutions that save substantial cost and enable new network service creation will play an important role in the infrastructure stack for this AI era and aligns perfectly with our investment thesis. We look forward to supporting the company’s vision and contributing to its continued success."
Arrcus has garnered significant attention and recognition for its innovative approach to network modernization. With its Arrcus Connected Edge (ACE) networking platform and an extensive product portfolio that includes the groundbreaking ArcOS network operating system as well as the ArcIQ analytics solution, the company empowers organizations to build cost-effective, scalable, reliable networks for modern business demands.
- Arrcus named Leader and Outperformer in all three GigaOm Radar Reports for Network Operating Systems
- Arrcus continues 100%+ CAGR business growth, raises $50M led by Prosperity7 Ventures, to continue leadership in 5G, data center and multi-cloud networking markets
- Arrcus successfully validates interoperability for 5G transport networks in EANTC tests, empowering next-generation use cases