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Today: November 19, 2024
July 20, 2024
1 min read

Arrcus Secures $30M Investment in Latest Funding Round

TLDR:

– Arrcus, a networking software company, raised $30M in funding
– The round was led by Prosperity7 Ventures, NVIDIA, Lightspeed, and other investors

Arrcus, based in San Jose, CA, secured $30M in funding with investments from Prosperity7 Ventures, NVIDIA, Lightspeed, and other leading companies. The funding will be used to expand platform support, accelerate growth, and deliver networking solutions to customers worldwide. Arrcus, led by CEO Shekar Ayyar, offers innovative, disaggregated networking solutions that provide scalability, performance, and reliability for businesses.

The company’s flagship product, Arrcus Connected Edge (ACE), features a flexible microservices architecture that is fully programmable and hybrid cloud-ready. Leveraging the NVIDIA BlueField DPU, the ACE platform enables customers to offload and accelerate compute-intensive networking applications, enhancing performance and power efficiency. This technology is ideal for industries such as telecom, financial services, and industrial sectors.

CEO Shekar Ayyar expressed excitement about the collaboration with NVIDIA, stating that it will bring maximum efficiency to customers across data centers, edge computing, and cloud environments. The partnership aims to enhance networking solutions and drive innovation in the industry. This funding round marks a significant milestone for Arrcus as they continue to expand their presence in the networking software market.

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