cPacket Networks, a provider of network-aware application and security assurance solutions, has completed a $15 million round of funding by Morgan Stanley Expansion Capital. The investment will be used to accelerate cPacket’s focus on product innovation and deployment of its broad range of “high-performance” network visibility products for the cloud, data center, and branch offices.
“Digital transformation is driving enterprises and service providers to cloud-smart strategies,” said Pete Chung, head of Morgan Stanley Expansion Capital. “cPacket Networks’ focus on enabling hybrid/multi-cloud visibility for the most demanding computing environments comes just as cPacket’s customers look to leverage AI driven IT operations (AIOps) for their mission critical applications. We are excited to partner with cPacket on its continued success.”
The funding builds on a “successful” 2019 during which cPacket launched several new strategic products including its first-ever multi-cloud solution with AWS and Google Cloud, its software-defined data center/branch solution with Cisco, and its high-density 100G monitoring fabric. This enabled cPacket’s first cloud deployment by a global financial services leader, and first virtualized branch office solution across a major bank.
100G Wire Speed
“We are at the cutting edge of the digital transformation and our strong portfolio of world-class customers is validation of our leadership in the space,” said Brendan O’Flaherty, CEO of cPacket Networks. “We are thrilled to secure funding from Morgan Stanley Expansion Capital so that we can aggressively expand our technology leadership and drive customer adoption.”
The announcement follows the news of cPacket introducing their cVu 16100 product family – a network packet broker family “with millisecond accuracy at 100G wire speed,” and their cVu 1000 product – a “high-speed,” 100G packet brokering aggregator. cPacket’s cVu 16100 product family and their cVu 1000 solution would meet the needs of the largest service provider and enterprise networks by enabling 100G at the core and edge of the network – to support big data, multi-media, and ecommerce applications.