By Sue Marek
Routing startup 128 Technology raised $21.5 million in Series C funding bringing its total capital raised to $57 million. Investors in the round include members of the executive management team as well as current employees, individual investors, and G20 Ventures.
The company said it will use the funding to expand globally and accelerate the 128T Networking Platform. This new round comes on top of $36 million it raised in earlier rounds. G20 Ventures and 128 Technology employees participated in the B round as well.
The company’s session-oriented networking router is intended to simplify the way routers work. The routers route traffic across public and private networks, and then metadata communicates how to route packets from one private network to another, eliminating the need for a tunnel or other technologies such as firewalls, load balancers, and analytics tools.
128 Technology customers include Revation Systems, a company that does cloud-based compliant communications and networking and IT integration firm NEC Networks and System Integration Corporation (NESIC).
The company has more than 100 employees and has offices in North America, South America, Europe, and Asia Pacific.
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