Lumina Networks Raises $10M With Investments From Verizon and AT&T
Congratulations to Our Partner Lumina Networks
Lumina Networks closed its Series A with $10 million in funding, yesterday, May 24th, 2018. This includes $8 million in new funding led by Verizon Ventures. Other new investors include AT&T and Rahi Systems. Lumina will use its Series A funds to support the development of new products using its Lumina SDN Controller and to expand its business in other regions.
The investment follows strong take-up of the Lumina SDN Controller by network operators in the first nine months of operations, with revenues more than double their pre-spin-off Brocade levels.