Thursday, June 2, 2016

San Jose's Viptela raises $75 million

Viptela is a software-defined computer networking startup that is based in North San Jose. The company has just announced a $75 million funding round to help it ramp up globally. This will bring its total funding to nearly $110 million and its valuation to around $900 million.

The new dollars will be used to scale up sales, marketing, support, and R&D. Viptela has already grown its workforce to 150 in the past year and is planning to hit 200 employees by the end of the year and 300 employees by then end of 2017. With all of the downsizing happening in the Valley right now, it is nice to see some companies bucking the trend (especially in San Jose).

Viptela is located at 1732 N. 1st Street, Suite #600.

Source: SVBJ

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