128 Technology is a software-based networking company led by CEO Andy Ory that leverages session-smart networking to enable enterprises and service providers to create a service-centric fabric. Its core product, the Session Smart Router, is a cloud-defined, experience-based and natively secure virtual routing solution for customers undergoing digital transformation. The company sells virtual networking technology aimed at connecting users with virtualized, distributed, elastic and cloud-native resources and applications. 128 Technology plans to use new capital to invest in customer growth globally, with particular focus on expanding relationships with leading cloud providers, direct enterprises and key managed service providers, and to further innovate its virtual networking products. The company operates throughout North America, South America, Europe and Asia Pacific. The business has raised $97.4M in total capital to date. 128 Technology provides the 128T Networking Platform, which leverages Secure Vector Routing to enable session-based, service-centric, software-defined networks for enterprises and service providers. The platform can be deployed to augment or replace existing network routing solutions, streamlining adoption and speeding time to value. The company plans to use new funding to grow its global presence and accelerate expansion of its platform. Founded in 2014 by Andy Ory, the company has grown to more than 100 employees and operates across North America, South America, Europe and Asia Pacific. 128 Technology raised $21.5M in a Series C that brought total capital raised to $57M. Investors in the round included executive management and current employees, individual investors and G20 Ventures.

Total raised

$52M

Funding rounds

2

Latest round

Series D

Latest activity

Sep 2019