Blue Jeans Network announced that it secured an additional $50 million in funding. The round was led by Battery Ventures, with participation from previous investors including Accel Partners, New Enterprise Associates and Norwest Ventures Partners. The round brings its total capital raised to nearly $100 million.
Congratulations to Blue Jeans, it's impressive what they have accomplished.
What does this mean?
Here's my interpretation of the news.
Startup Cumulus Networks released its Linux-based network operating system last week, noting its ability to bring flexibility and low-cost benefits of open standards to data center networks that are dominated by Cisco and other vendors.
The company is based in Sunnyvale, California, and was founded in 2010 by former Cisco and VMware networking engineers, who had raised over $15 million in venture funding from Andreessen Horowitz, Battery Ventures and other investors such as former VMware CEO Diane Greene.