Announced
Completed
Financials
Sources
Tags
networking software
Software
United States
Acquisition
Minority
Domestic
Private
Private Equity
Venture Capital
Completed
Friendly
Synopsis
Prosperity7 Ventures, a venture capital firm, led a $50m funding round in Arrcus, a hyperscale networking software company, with participation from Clear Ventures, General Catalyst, Liberty Global and Lightspeed. “Modern networks that can flexibly leverage private infrastructure as well as public clouds and 5G will be key to unlocking the fourth industrial revolution and driving the next wave of digital transformation in critical industries that power the world. We believe Arrcus is a disruptive leader in next generation network infrastructure that is software defined, flexible, programmable and efficient; and we are excited to support the company and its distinguished team,” Aysar Tayeb, Prosperity7 Executive Managing Director.
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