128 Technology - About the company
128 Technology is an acquired company based in Burlington (United States), founded in 2014 by Andrew Ory. It operates as a Cloud-based networking platform for distributed routing and network services. 128 Technology has raised $113M in funding from G20 Ventures and The Perkins Fund, with last known valuation of $*****. The company has 56 active competitors, including 9 funded and 10 that have exited. Its top competitors include companies like DriveNets, Traefik and Rtbrick.
Company Details
128 Technology is a cloud-based networking platform for distributed routing and network services provider. Features include delivery of applications and services across multiple networks, virtual networking overlay, zero-trust network security, and consolidation of stand-alone network services. Use cases include next-generation WAN, data center interconnect, and network-as-a-service. Clients include CMC Networks, Revation, and RedVine.
- Website
- 128technology.com
- Social
- Email ID
- *****@128technology.com
- Phone Number
- +1 **********
- Registered Address
- Burlington, Massachusetts
Key Metrics
Founded Year
2014
Location
Burlington, United States
Stage
Acquired
Total Funding
$113M in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Oct 19, 2020
Investors
Ranked
4th among 56 active competitors
Employee Count
50 as on Aug 31, 2026
Exit Details
Acquired by Juniper Networks (Oct 19, 2020)
Legal entities associated with 128 Technology
128 Technology is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
128 TECHNOLOGY INC CIN: 471110439 , United States, Active | Jun 12, 2014 | - | 97 (As on Dec 31, 2019) | - |
128 Technology's acquisition details
128 Technology got acquired by Juniper Networks on Oct 19, 2020 at an acquisition amount of $*****.
Click here to take a look at 128 Technology's acquisition in detail
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128 Technology's funding and investors
128 Technology has raised a total funding of $113M over 5 rounds. Its first funding round was on Dec 16, 2014. 128 Technology has 5 institutional investors.
Here is the list of recent funding rounds of 128 Technology:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 24, 2020 | 3389061 | Series D | 4534735 | 2023393 | 9532691 | 5849967 |
Sep 12, 2019 | 8470178 | Series D | 7905212 | 8545382 | 7971058 | |
May 14, 2018 | 2101983 | Series C | 8322190 | 9741539 | 9033640 |
Access funding benchmarks and valuations. Sign up today!View details of 128 Technology's funding rounds and investors
128 Technology's founders and board of directors
Founder? Claim ProfileThe founders of 128 Technology is Andrew Ory.
Here are the details of 128 Technology's key team members:
- Andrew Ory: Co-Founder & CEO of 128 Technology. They are also an angel investor in 1 startup.Contact Info: 1 email address
View details of 128 Technology's Founder profiles and Board Members
128 Technology's employee count trend
128 Technology has 50 employees as of Aug 26. Here is 128 Technology's employee count trend over the years:
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128 Technology's Competitors and alternates
Top competitors of 128 Technology include DriveNets, Traefik and Rtbrick. Here is the list of Top 10 competitors of 128 Technology, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of software-based cloud networking solutions for service provider and AI networks | $997M | 68/100 | ||
2nd | Developer of cloud-native application proxy, API gateway, and API management platform | $11.1M | 59/100 | ||
3rd | Developer of disaggregated routing software for telecommunications service provider networks | $7.2M | 58/100 | ||
4th |  128 Technology 2014, Burlington (United States), Acquired | Cloud-based networking platform for distributed routing and network services | $113M | 52/100 | |
5th | Pluribus Networks 2010, San Jose (United States), Acquired | Cloud & software-defined networks OS for data centers | $145M | 48/100 | |
6th |  Packet Design 2003, Austin (United States), Acquired | IP network route analytics, monitoring, and planning solutions provider | $47.1M | 46/100 | |
7th | _1524549106165.png?devicePixelRatio=2&height=30&width=30){kind=logo} Yunshan Networks 2011, Beijing (China), Series B | SDN based network traffic analysis | $26M | 46/100 | |
8th | Volta Networks 2015, San Francisco (United States), Acquired | Provider of SDN based network management solutions provider | $22.4M | 45/100 | |
9th | RDK 2012, Philadelphia (United States), Funding Raised | Open source software for accelerating the broadband service | - | 42/100 | |
10th | Brain4Net 2015, Boston (United States), Acquired | SDN and NFV solutions provider | $5.25M | 42/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on 128 Technology's competitors? Click here to see the top ones
128 Technology's Investments and acquisitions
128 Technology has made no investments or acquisitions yet.
Reports related to 128 Technology
Here is the latest report on 128 Technology's sector:
News related to 128 Technology
Filter this list•
Bitglass Integrates with SD-WAN providers for enhanced SASE platformPCR•Feb 05, 2021•Bitglass, Aruba Networks, 128 Technology, Fortinet and 1 other
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Juniper Plans to Mist-ify 128 Technology’s SD-WANSDxCentral•Dec 05, 2020•Juniper Networks, 128 Technology
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Juniper Acquires 128 Technology to Add User-centric DataeWEEK•Oct 19, 2020•Juniper Networks, 128 Technology
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Asavie, 128 Technology partner to extend mobile securityTechCentral Ireland•Jul 22, 2020•128 Technology, Asavie
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SECUI selects Snet SWAN powered by 128 Technology for enhanced "Zero-Trust" SecurityPR Newswire•Jun 16, 2020•128 Technology, SNet Systems, Solar Energy
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Sejong Telecom Selects Snet SWAN Powered By 128 Technology For Managed SD-WAN ServiceBusiness Wire•Feb 05, 2020•128 Technology, Sejong Telecom, SNet Systems
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128 Technology's Solution to Be Offered by SoftBank Corp.Light Reading•Jan 28, 2020•SoftBank, 128 Technology
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