- Network AI platform company Augtera Networks announced raised $4 million in funding led by Bain Capital Ventures
Network AI platform company Augtera Networks announced that it has raised $4 million in funding. Bain Capital Ventures led this round of funding and aCrew Capital participated. Bain Capital Ventures partner Enrique Salem is joining the board in conjunction with the funding.
Augtera’s solution — which is built from the ground up for networks is known for bringing the benefits of AI-augmented operations, planning, and orchestration to physical, virtual and cloud network environments.
This funding round will enable Augtera to expand operations to support existing and rapidly growing production deployments across Global 1000 companies, scale strategic partnerships, and accelerate the adoption of its platform.
As enterprises, cloud, and service providers continue to adopt software-defined networking, data center fabric designs, hybrid cloud, and white box switches, networks have become increasingly complex, fragmented, and difficult to operate. And as a result, business agility support and providing network uptime necessary for increased revenue growth — while minimizing operational expense — have become major pain points for network designers and operators. Fortunately, Augtera’s product provides a holistic solution to this problem by applying machine learning to networking data and enables multiple orders of magnitude of benefit while addressing these pain points.
Launched by industry veterans Rahul Aggarwal and Bhupesh Kothari, Augtera had developed the proprietary algorithms with over two years of R&D to apply machine learning to the networking domain.
“The current paradigm of building and operating networks relies on engineering and operations teams to manually mine and find needles in an increasingly large and multi-layered haystack of data,” said Aggarwal. “These teams are not able to leverage the richness of the network data and their workflows are reactive while serving applications, customers and users that depend on the network. Augtera’s proprietary AI technology powered by a holistic network model, finds the needles in the haystack automatically and proactively and enables a paradigm shift.”
The algorithms that were built by Augtera were matured using production data from nine very large scale networks. And AI applications that leverage these algorithms are custom built for networking constructs.
“Networks have become highly complicated, and management solutions to date have not kept up,” added Salem. “Augtera has built a ground-breaking AI system with algorithms designed specifically for networks, and we are already witnessing the efficacy and commercial potential of its highly-differentiated product in a number of customer environments. As an early investor, we are thrilled to partner with Rahul and Bhupesh and look forward to playing an active part in the company’s growth and success.”
Augtera’s team consists of industry-leading technologists from Juniper, Cisco, Nokia, Facebook, and several successful startups who have collectively shipped widely deployed products that have created billions of dollars in value across networking, routing, distributed systems, machine learning, big data, and automation environments.
“We are excited to be partnering with Rahul and Bhupesh, who bring world class domain expertise that is needed to unlock the tremendous value of applying machine learning to the networking domain. We look forward to our journey ahead with them,” explained Theresia Gouw, co-founder of aCrew Capital.
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