RA’ANANA, ISRAEL AND CUPERTINO, CALIFORNIA – AUG. 3, 2016 - Sedona Systems, creator of the market’s first IP/optical converged control platform for service provider networks, today announced it has closed its $13.6M round B of funding, led by Intel Capital. NextStar also joined as a new investor and previous investor Bessemer Venture Partners participated fully in the round. It brings the total amount invested in the company to $19.6M. Yair Shoham of Intel will join Sedona’s board of directors.
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.
Sedona’s software platform, NetFusion, enables coordinated control of the two layers, effectively making them work as one. It connects to the equipment of all vendors in both layers, and automatically creates a unique and live map of all traffic paths and cross-connections. Following this unique network discovery process, multilayer apps are executed over the platform for tasks ranging from coordinated maintenance to automatic optimization, from network restoration to enabling broadband services on demand. Using Sedona, service providers can run their networks “hotter” and save up to 50% of their expansion capex.
“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.”
"As networks become more software-centric, converging management and control for multilayer transport functions becomes key to drive OPEX and CAPEX efficiencies," said John Healy, general manager of Intel’s Software Defined Networking Division. "Sedona's Netfusion software offers agility, intelligence and efficiencies that can help enable service providers to optimize their optical and IP networks."
Sedona Systems has created the market’s first multivendor converged control platform for the optical and IP layers of service provider networks. Its multilayer applications handle critical tasks such as automatic network discovery and mapping, coordinated maintenance, automatic optimization, restoration and disaster recovery. It gives its customers a unique insight into their networks and can save up to 50% of their expansion capex through increasing network utilization and efficiency. Based in the US and Israel, the company is backed by blue-chip investors and headed by seasoned entrepreneurs and prominent multilayer networking experts.
About Intel Capital
Intel Capital, Intel's strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US$11.7 billion in 1,457 companies in 57 countries, and 605 portfolio companies have gone public or been acquired. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel's customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital