What is PLUMgrid?
Founded in 2011 and headquartered in Sunnyvale, California, PLUMgrid offers advanced software networking solutions designed to facilitate hybrid data centers. Their technology enables efficient connectivity for tenants, applications, and workloads across diverse architectures, including hypervisors, virtualized environments, bare metal, and container-based systems. PLUMgrid's focus on secure and scalable virtual networking positions it as a key player in the evolving landscape of cloud infrastructure, addressing the complex needs of modern enterprises seeking to optimize their data center operations.
How much funding has PLUMgrid raised?
PLUMgrid has raised a total of $28.9M across 3 funding rounds:
Debt
$2M
Series A
$10.7M
Series B
$16.2M
Debt (2011): $2.1M, investors not publicly disclosed
Series A (2012): $10.7M led by U.S. Venture Partners and Hummer Winblad Venture Partners
Series B (2014): $16.2M supported by Longworth Venture Partners, Hummer Winblad Venture Partners, Qualcomm Ventures, and U.S. Venture Partners
Key Investors in PLUMgrid
Longworth Venture Partners
Longworth Venture Partners is a Boston-based venture capital firm that invests in early-stage software, internet and media companies, known for its entrepreneurial and operating success in supporting technology leaders.
Hummer Winblad Venture Partners
Hummer Winblad Venture Partners is an investment firm focused on early-stage enterprise software companies, providing first institutional capital and ongoing support to help entrepreneurs realize their visions with deep operational understanding.
Qualcomm Ventures
Qualcomm Ventures is associated with Qualcomm Incorporated, a global leader in wireless technology innovation, driving advanced digital communication systems and powering mobile devices and networks.
What's next for PLUMgrid?
The recent major strategic investment suggests PLUMgrid is poised for accelerated expansion and further development of its virtual networking platform. This capital infusion is likely to fuel enhancements in product capabilities, market penetration, and potentially strategic partnerships. As the demand for secure and scalable cloud networking solutions continues to rise, PLUMgrid's enterprise-level funding provides a strong foundation to capitalize on market opportunities and solidify its leadership position in the OpenStack ecosystem and beyond. The company's trajectory indicates a focus on scaling operations and delivering robust solutions to a growing enterprise client base.
See full PLUMgrid company page
