Software-defined networking (SDN) vendor Glue Networks has raised $12.4 million in additional capital from private investors to boost its product portfolio and marketing as the company steps up its ability to go after the SDN wide area networking (WAN) market.
The new round of financing is in addition to a $4.5 million angel financing round the company announced in December 2010, bringing its total funding up to $16.9 million. According to Glue Networks, the financing is being used to "address growing user interest in bringing agility, speed and price performance" to the branch WAN.
Glue, which was founded in 2007 and has been shipping products since 2011, takes a different tact than most vendors in the SDN space. Instead of focusing on the data center, Glue has staked its claim in the WAN space, using SDN to bring the technologies' benefits to the WAN market.
"We bootstrapped Glue Networks and focused on customers and delivering agility and automation to the $120 billion WAN market. Our Gluware intelligent orchestration engine is rock solid and is deployed in production networks around the world," said Jeff Gray, CEO and co-founder of Glue Networks, in a prepared statement. "Users at the recent ONUG Conference selected software-defined WANs as one of the top three SDN use cases most likely to be included in RFIs or RFQs over the next year, and with the growing demand we've seen from our partners and channels, now is the perfect time for Glue to accelerate our business."
Glue seems to still be ramping up its business, but the company is already a channel advocate. It currently works with a handful of channel and technology partners. And it also has a strategic partnership in place with Cisco Systems (CSCO) to bring WAN technologies to enterprise customers.
Although it may be a small share of the current SDN market, the WAN space is something partners are likely to see some growth in over the next few years. And because of its unique take on the SDN market, Glue Networks also saw itself making the Gartner Cool Vendors list last spring.