Connectivity-as-a-Service Platform PacketFabric Secures $25 Million in Series B Funding

Bit Ninja

PacketFabric, a company delivering an entirely automated SDN-based network architecture and the latest in optical and packet switching technology, has secured $25 million in Series B funding from its lead investor, NantCapital, to support the “rapid growth and high demand” for its services since their launch in 2017.

The company has grown rapidly since completing its seed round in 2015, and now operates a U.S. footprint that includes more than 150 Points-of-Presence (PoPs) in data centers in 17 metro markets with a terabit-scale backbone.

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“As a scientist and entrepreneur, I am a firm supporter of market disruptive innovations,” said Dr. Patrick Soon-Shiong, Chairman and CEO of NantWorks.

“As a scientist and entrepreneur, I am a firm supporter of market disruptive innovations,” said Dr. Patrick Soon-Shiong, Chairman and CEO of NantWorks. “This next-generation internet innovation of interconnectivity on demand will enable big data transport as a platform for multiple industries, and I am excited to fund this talented team at PacketFabric and their efforts to provide market-defining solutions. By eliminating barriers with its innovative solutions aimed at accommodating enterprises’ need for data transport, PacketFabric has the ability to change the landscape for many industries.”

New COO

PacketFabric has also announced that Chad Milam has joined PacketFabric as President and Chief Operating Officer (COO), and a member of the board of directors. Mr. Milam has held the position of CTO at NantWorks and Mox Networks. Prior to NantWorks, Milam lead the Technical Infrastructure and Systems team at Teza Technologies, and the Global Infrastructure organization at Publicis Group S.A.

“With the proliferation of performance, security and capacity challenges, and adding on the recent development in net neutrality, the public internet is becoming an increasingly vulnerable venue for enterprise collaboration and service delivery,” said Chad Milam, President and COO of PacketFabric. “PacketFabric is the framework of how businesses securely connect, communicate and transact in the new digital reality.”