Originally posted on Gigaom:
Plexxi Systems, a stealthy networking startup that wants to bring fiber into the data center at a cost comparable to existing Ethernet technologies, has scored a $20.1 million third round of financing from Lightspeed Venture Partners, Matrix Partners and Northbridge Venture Partners.
Plexxi has been around since 2010 and has raised a total of $48.48 million from the current investors to build a switch that uses fiber optics instead of the current Ethernet connections. The money will help bring Plexxi’s product to market as it is making the rounds at large webscale and cloud providers showing off its switch.
The company has recently spent a little more time sharing the details of its switch, and the associated software that networks the switches, with prospective customers and the press. It also launched a private beta and says it will continue sharing more details on its products and plans. For more…
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