Arrcus Secures $50m for 5G, Data Center, And Multi-cloud Networking

During the most recent round of financial fundraising for the company, networking provider Arrcus received $50 million in capital. Prosperity7 Ventures has been a supporter of the business, and it took the lead in the Series D financing round. This new amount of funding, according to Arrcus, would allow it to increase its focus on its ongoing forays into the 5G, data center, and multi-cloud networking areas. The company, established in 2016, describes itself as a hyper-scale networking software provider. Amazon Web Services, Equinix, Edgecore networks, and CoreSite are just a few of its partners. The company is based in San Jose, California. CrunchBase data shows that the business has raised more than $120 million in total.

Leading worldwide clients are transitioning to Arrcus' disruptively creative ACE platform for data center shifting, 5G carrier connectivity, and multi-cloud networking, according to Shekar Ayyar, CEO and chairman of Arrcus. They are thrilled to announce Prosperity7 as their current lead investor as they keep building market momentum. Prosperity7, he continued, is a fantastic investor and partner for them in its capacity to support their rapid development and future investment requirements. 

Along with Silicon Valley Bank, which provided credit facilities, Prosperity7 received funding from a number of additional investors, notably Clear Ventures, General Catalyst, Liberty Global, and Lightspeed. Samsung NEXT and SoftBank have both invested in the past. Arrcus did not provide a particular number but stated that it is anticipated that when this fundraising round is complete, its valuation will roughly double. Additionally, funds will be utilized to advance engineering and R&D within the business.