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Avi Networks Raises $60M to Advance Intent-Based Networking Efforts

Thursday Jun 7th 2018 by Sean Michael Kerner

Intent based networking support gains news support from none other than Cisco.

Intent-based networking is perhaps the hottest area of enterprise networking today. Among the multiple vendors aiming to help define the space is Avi Networks, which announced a $60 million Series D round of funding on June 6.

The investment round included the participation of Cisco Investments, along with DAG Ventures, Greylock Partners, Lightspeed Venture Partners and Menlo Ventures. Total funding for Avi now stands at $115 million.

The Cisco investment bring Avi even closer to Cisco than it was before. Cisco already resells the Avi Vantage Platform which provide application delivery controller capabilities that mesh with Cisco's intent-based networking and automation technologies.

"We are excited at the opportunity to invest in Avi Networks," said Rob Salvagno, vice president, corporate development at Cisco, wrote in a statement. "We believe Avi Networks has built a disruptive platform for L4-L7 application services with a software-centric approach, enabling customers to scale network automation and application delivery across both private and public clouds."

The Avi Vantage Platform integrates a Web Application Firewall (WAF) with load balancing and and an elastic service mesh for container-based applications.

"Enterprises are deploying modern applications, which need advanced levels of automation to respond to changing demands and performance," Murali Basavaiah, co-founder and vice president of engineering at Avi Networks, stated. "That’s why Avi’s value proposition resonates so strongly. You simply declare the outcome you want, and Avi does the rest."

Sean Michael Kerner is a senior editor at EnterpriseNetworkingPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.

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