Silicon Valley-based Arrcus has announced that it has raised $30 million in its Series B funding round. The Series B round for the company was oversubscribed. The round was led by Lightspeed Venture Partners. Existing partners General Catalyst and Clear Ventures also participated in the round.
The fresh $30 million in funding brought the total capital raised to $49 million. The funding will help Arrcus to expand its operations and support its growing customer base. The funding will further enable the company to scale its partnerships and size.
Arrcus was founded in 2016 by networking veterans from Broadcom and Cisco. Arrcus co-founder and CEO Devesh Garg said: “It’s an exciting time at Arrcus as our disruptive vision democratizes the networking industry by providing best-in-class software, the most flexible consumption model, and the lowest total cost of ownership for our customers.”
In addition to the funding, the company has announced that Guru Chahal, Partner at Lightspeed joined the Arrcus board of directors. He said: “Data center, cloud-to-edge and 5G solutions, and the information revolution are all accelerating broad-based infrastructure upgrade cycles that require flexible, massively-scalable, and highly cost-efficient routing-centric networking solutions. Arrcus has solved these foundational challenges and has all the ingredients to lead the transformation for this large market.”