Acme Packet Founders’ New Startup Aims to ‘Fix the Internet’ with Millions in Funding

By Boston Business Journal |

By Sara Castellanos

Burlington startup 128 Technology is so secretive that it doesn’t have much information listed on its company website yet.

Still, the company has raised a total of $32 million in investor funding in about a year, according to regulatory filings.

Screen_Shot_2016-03-07_at_2.49.37_PM.pngScreenshot

According to the company’s Dec. 8 filing, it most recently raised about $20 million in Series B equity funding from more than 80 investors. Listed as directors on the filing are the company’s co-founders and Bob Hower, general partner for Advanced Technology Ventures, presumably an investor.

Here’s what we know about the company so far:

The co-founders are big names. The startup’s co-founders are Andy Ory and Patrick MeLampy, previously co-founders of Bedford-based IP communication tech company Acme Packet, which was sold to Oracle (NYSE: ORCL) for about $2 billion in 2013.

It’s a software firm. According to its LinkedIn page: “128 Technology is a stealth-mode software company on a mission to fix the Internet. We are a group of technologists and entrepreneurs who enjoy tackling big problems and aren’t afraid to defy convention and raise some eyebrows. Our core team has a very successful track record of creating innovative network technology that delivers secure and reliable connectivity across global IP networks.”

The company is hiring. According to its LinkedIn Page: “We’re looking for smart, collaborative people with a dash of good-natured truculence to join our team. If you are interested in building disruptive technology, challenging yourself every day, and laughing a lot, 128 Technology might be the place for you.” About six open jobs are listed on the LinkedIn page, including product marketing engineer and software engineer jobs.

It has a big office. The company moved into a 26,706-square-foot office at 200 Wheeler Road in Burlington. “Burlington has become a center of gravity in the area for retail, restaurants and services,” said Ory in a previous statement. “Burlington has become, and continues to gain ground, as a place where either established tech companies, or companies that are about to ‘break out’ choose to locate.”

Sara Castellanos, Technology Editor at Boston Business Journal

The original article can be found here.

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