Total amount raised
$31 Millions
Latest funding date
11/01/2024
Location
Aviz Networks has successfully raised significant funding in its Series A round, attracting investments from notable entities such as Cisco Investments and Moment Ventures. The company is making strides in the AI-driven networking solutions market with its innovative products and services.
Keep reading to explore the intricacies of Aviz Networks' fundraising journey and the investors backing this promising platform.
What Is Aviz Networks?
Aviz Networks, founded on June 30, 2019, is headquartered in San Jose, California. The company was established by CB Perumal, Gautam Agrawal, and Vishal Shukla. It operates in the fields of artificial intelligence, information technology, and software, with a focus on AI-driven networking solutions.
With an employee count ranging between 51-100, Aviz Networks aims to transform the networking software stack by enabling SONiC deployments in data centers and edge networks. Their offerings include platform and ASIC agnostic applications for network orchestration, monitoring, and enterprise-grade support.
How Much Funding Has Aviz Networks Raised?
- Seed Round
- Amount Raised: $4M
- Date: April 2022
- Lead Investors: Moment Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development efforts, focusing on AI-driven networking solutions.
- Venture Round
- Amount Raised: $10M
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance AI capabilities in networking solutions.
- Series A
- Amount Raised: $17M
- Date: November 2024
- Lead Investors: Alter Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To modernize and transform the networking stack for data centers and edge networks, integrating AI for enhanced network visibility and performance monitoring.
Total Amount Raised: $31M. Current Valuation: Not publicly disclosed.
Key Investors
- Alter Venture Partners
- Details: Alter Venture Partners led the Series A funding round for Aviz Networks. They are known for investing in high-growth areas in the data center market, particularly AI-enabled networking.
- Investment Focus Areas: Data centers, AI-enabled networking, high-growth technology sectors.
- Notable Investments: Not publicly disclosed.
- Moment Ventures
- Details: Moment Ventures is an existing investor in Aviz Networks, having participated in both the seed and Series A funding rounds. They focus on early-stage investments in technology startups.
- Investment Focus Areas: Early-stage technology companies, AI, networking solutions.
- Notable Investments: Not publicly disclosed.
- Cisco Investments
- Details: Cisco Investments is an existing investor in Aviz Networks, participating in multiple funding rounds. They invest in innovative technology companies that align with Cisco's strategic interests.
- Investment Focus Areas: Networking, AI, innovative technology companies.
- Notable Investments: Not publicly disclosed.
- Wistron Corp.
- Details: Wistron Corp. is an existing investor in Aviz Networks, participating in the Series A funding round. They focus on electronics manufacturing and technology services.
- Investment Focus Areas: Electronics manufacturing, technology services, networking solutions.
- Notable Investments: Not publicly disclosed.
- Accton Technology Corp.
- Details: Accton Technology Corp. is an existing investor in Aviz Networks, participating in the Series A funding round. They focus on network and communication solutions.
- Investment Focus Areas: Network solutions, communication solutions, technology services.
- Notable Investments: Not publicly disclosed.
What's Next for Aviz Networks?
Aviz Networks stands at the cusp of significant growth, driven by the increasing demand for AI-driven networking solutions in data centers and edge networks. Their innovative AI Networking Stack and SONiC-based products offer vendor-agnostic solutions that enhance network visibility and performance monitoring. This positions them well to capitalize on the high-growth data center market, with adoption already seen among leading e-commerce companies, telecommunications firms, and cloud service providers.
Future fundraising opportunities appear promising, with the potential for additional Series B or later-stage funding rounds. The company's strong market position and recent $17 million Series A funding round indicate substantial investor interest. Strategic investments or partnerships with major tech companies could further bolster their growth trajectory.
However, Aviz Networks may face challenges such as competition from established networking solution providers and the need to keep pace with rapid technological advancements. Ensuring the scalability and reliability of their AI-driven solutions while navigating the complexities of vendor-agnostic systems will be crucial for their continued success.
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