Israeli network service startup Sedona Systems has closed its $13.6 million Series B of financing round led by Intel Capital and with the participation of new investor NextStar and previous investor Bessemer Venture Partners. Yair Shoham of Intel will join Sedona’s board of directors.
Founded in 2014 by CEO Yossi Wellingstein, CTO Ori Gerstel, Ben Vulcan and Ran Wellingstein, the Ra'anana based company has raised $19.6 million to date. Sedona Systems has created the market’s first IP/optical converged control platform for service provider networks.
The fresh investment comes as Sedona accelerates its global sales to leading service providers. The new funds will support these efforts, as well as ongoing R&D activities to broaden the company’s product portfolio.
Sedona solves multiple problems that arise from existing network architectures that rigidly split between the optical transport layer and the logical IP layer. The two layers, which are typically managed by different teams within the service provider organization, are barely coordinated, resulting in major inefficiencies, low utilization and suboptimal protection.
“Service provider networks are going through a generational change,” said Yossi Wellingstein, Sedona’s CEO. “Software and virtualization have become crucial tools in facing the tidal wave of demand for network services. Sedona helps service providers rise to the challenge by using software to fuse the hitherto separate optical and IP layers into one agile and flexible network.”
Published by Globes [online], Israel business news - www.globes-online.com - on August 3, 2016
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