Aviz Networks raises funding to $10 million with new investment from Accton, Cisco Investments and Wistron

Aviz Networks

Aviz Networks, a leader in open networking software for cloud-scale infrastructure for telecommunications and enterprises, announced that it has added Cisco Investments to its latest Existing investors include Moment Ventures, Accton and Wistron. The round, which now totals $10 million, will further drive strong customer demand for Aviz’s multi-vendor, generative AI-based network stack and advance the adoption of open networks based on SONiC.

As part of the groundbreaking Networking 3.0 software stack, Aviz removes complexity and delivers AI-driven management capabilities to help organizations achieve performance and cost-effectiveness in hyperscale networks. Aviz’s stack supports the rapidly growing SONiC open source network operating system (NOS) as well as multi-NOS environments and leverages the power of large language models to deliver unparalleled choice and functionality. The company has experienced rapid growth over the past 12 months, expanding its customer base, revenue and operating headcount to meet growing demand across multiple geographies. Aviz has grown revenue 250% and has more than 30 global customers of various sizes.

Over the past three years, SONiC has grown into a multi-billion dollar entity in the cloud and data center networking space and is expected to reach $8 billion by 2027, according to research from communications industry analyst firm 650 Group.

Vishal Shukla, co-founder and CEO of Aviz, said: “We are pleased to close this latest round of financing, which includes Accton, Cisco Investments, Moment Ventures and Wistron. As we work with our customers and supplier ecosystem, we provide The vision to deliver open, cloud and AI networking to all enterprises and telcos has rapidly taken shape. Aviz will continue to focus on supporting and leveraging the community SONiC and adding compelling innovations to improve quality, reduce costs and shorten the lifecycle of open cloud networks. Deployment time.”

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Jun Shi, CEO and President of Accton Group, said: “This investment round underscores our commitment to innovation in open networking, and Accton is proud to be a part of it along with other global networking leaders. Aviz Networks has made significant progress in the multi-billion dollar open networking industry this year. There has been great success in the market, in which SONiC plays an important role. Accton is always keen to work with enterprises that share the vision of leveraging artificial intelligence and other cutting-edge technologies to meet the networking needs of enterprises and telcos.”

Aleem Rizvon, vice president of Cisco Investments, said: “Cisco is committed to accelerating network innovation and providing comprehensive solutions to our customers. By investing in innovative startups like Aviz, we demonstrate to partners and customers that we value the open source community. Promise of.”

William Lin, President of Wistron Corporation’s Enterprise and Networking Group, said: “Wistron is excited to see Aviz’s multiple innovations and initiatives as an early-stage company addressing enterprise data center and cloud networking challenges. Wistron’s participation in this round of investment allows us to Our companies can work closely together to provide enterprises with the right solutions and significant cost savings, driven by powerful SONiC edge deployments.”

SOURCE: Businesswire