Arrcus snags $30M Series B as it tries to disrupt networking biz

INSUBCONTINENT EXCLUSIVE:
Arrcus has a bold notion to try and take on the biggest names in networking by building a better networking management system
Today it was rewarded with a $30 million Series B investment led by Lightspeed Venture Partners.Existing investors General Catalyst and
Clear Ventures also participated
The company previously raised a seed and Series A totaling $19 million, bringing the total raised to date to $49 million, according to
numbers provided by the company.Founder and CEO Devesh Garg says the company wanted to create a product that would transform the networking
industry, which has traditionally been controlled by a few companies
total cost of ownership
networking operating system called ArcOS to run the networking environment
For now, that means working with manufacturers of white-box solutions and offering some combination of hardware and software, depending on
what the customer requires
Garg says that players at the top of the market like Cisco, Arista and Juniper tend to keep their technical specifications to themselves,
traditional bad behavior that comes along with that, including muted innovation, rigidity in terms of the solutions that are provided and
fundamentally change the current system with its solutions, taking advantage of unbranded hardware that offers a similar experience but can
run the Arrcus software
Garg says that he expects to double that number in the next six-nine months with the new funding
Currently the company has double-digit paying customers and more than 20 in various stages of proofs of concepts, he said.