Networking startup Plexxi scores $20.1M

SOURCE: Green Data Center News

Plexxi Systems, a stealthy networking startup that wants to bring fiber into the data center at a cost comparable to existing Ethernet technologies, has scored a $20.1 million third round of financing from Lightspeed Venture Partners, Matrix Partners and Northbridge Venture Partners. Plexxi has been around since 2010 and has raised a total of $48.48 million from the current investors to build a switch that uses fiber optics instead of the current Ethernet connections. The money will help bring Plexxi’s product to market as it is making the rounds at large webscale and cloud providers showing off its switch.