Aviz Networks – a leader in open networking software for cloud-scale infrastructures serving telecom and enterprises – recently announced it has added Cisco Investments to its latest funding expansion, joining existing investors Moment Ventures, Accton, and Wistron. This funding round (now reaching $10 million) will accelerate customer momentum for Aviz’s multi-vendor, GenAI-based networking stack and the adoption of SONiC-based open networking.
The company helps organizations achieve the performance and cost benefits of hyperscale networks by removing complexity and supplying AI-driven management features as part of a breakthrough Networking 3.0 software stack. And Aviz’s stack supports the fast-growing SONiC open-source network OS (NOS) and multi-NOS environments. It utilizes the power of large-language models (LLMs) to deliver unparalleled choice and capabilities. Plus, the company has seen rapid growth over the past 12 months, scaling its number of customers, revenue, and operational headcount to meet growing demand across multiple geographies. Aviz has witnessed a 250% growth in revenues with over 30 global customer engagements of various sizes.
In the past three years, SONiC has emerged as a multi-billion entity in the cloud and data center networking space, expected to reach $8 billion by 2027, according to research from communications industry analyst firm 650 Group.
KEY QUOTES:
“We are delighted to close this latest funding round that includes Accton, Cisco Investments, Moment Ventures, and Wistron. Our vision of delivering open, cloud & AI enabled networks for all enterprises and telecoms has rapidly taken shape as we partner with customers and our vendor ecosystem. Aviz continues to focus on supporting and leveraging community SONiC, and adding compelling innovations that enhance quality, drive down costs and accelerate time to deployment of open, cloud networks.”
— Vishal Shukla, Co-Founder and CEO for Aviz
“Accton is proud to be participating in this investment round with other global network leaders as it underscores our commitment to innovation in open networking. Aviz Networks has been extremely successful this year in the multi-billion dollar open network market, where SONiC plays a significant role. Accton is always pleased to collaborate with those that share our collective vision of employing AI and other cutting-edge technologies to meet the networking needs of enterprises and telcos.”
— Jun Shi, CEO and President of Accton Group
“Cisco is committed to accelerating innovation in networking to deliver comprehensive solutions to our customers. By investing in innovative startups, like Aviz, we are demonstrating our commitment to our partners and customers who value the open-source community.”
— Aleem Rizvon, Vice President of Cisco Investments
“Wistron is excited to see the multiple innovations and execution coming from Aviz as an early-stage company extending its reach to address the challenges of enterprise data center and cloud networks. Wistron is participating in this investment round so that our companies can work closely together to deliver the right solutions and substantial cost savings to enterprises as driven with robust SONiC edge deployments.”
— William Lin, President of Enterprise & Networking B.G., Wistron Corporation
