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Vyatta Secures $7.5 Million in Series A Funding |
Vyatta has secured $7.5 million in first round financing from JPMorgan Partners (advised in the financing by Panorama Capital), ComVentures, and ArrowPath Venture Partners. Vyatta recently introduced the Open Flexible Router (OFR), a flexible, cost-effective, and secure alternative to the incumbent, closed-source solutions that dominate the market today. Investment proceeds will be used to further support product development, sales, and marketing activities.
“Open source has the opportunity to make a large and lasting impact on the multibillion-dollar network products industry by bringing flexibility and choice to a market that has been closed and slow to change,” said Kelly Herrell, CEO of Vyatta. “The phenomenal response to our Open Flexible Router has demonstrated that customers are hungry for an alternative and they are excited about the increased flexibility and cost savings that comes with an open solution.”
Vyatta was created to bring commercial-quality open-source networking products to market. The company is staffed by industry veterans, serial entrepreneurs, and some of the brightest minds in the open source and networking industries who share a passion for flexible, low-cost networking products that allow users to create highly-reliable infrastructure. Introduced in July 2006, Vyatta’s open router platform, the OFR, is freely downloadable from the Vyatta web site, with support and maintenance available on a subscription basis. The Vyatta Community, a public forum for Vyatta users and developers, features tools, discussions, blogs, and newsfeeds, and provides an interactive resource for getting started with the OFR.
“Vyatta is helping to define the next era in networking – one that is characterized by reliable, open, flexible, and cost-effective solutions. Customers have embraced open source networking, and the OFR has gained traction in the market, validating the Vyatta business model,” said Allan Leinwand, Vyatta founder and venture partner with Panorama Capital. “With this investment, we are teaming with like-minded venture firms that provide us with growth capital, as well as invaluable expertise as we continue to grow Vyatta.”
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