About 128 Technology
128 Technology is a company based in Burlington (United States) founded in 2014 by Michael Baj and Patrick Timmons was acquired by Juniper Networks in October 2020. 128 Technology has raised $112.69 million across 5 funding rounds from investors including Juniper Networks, G20 Ventures and The Perkins Fund. 128 Technology operates in a competitive market with competitors including DriveNets, Megaport, Isovalent, Rtbrick and Novell, among others.
- Headquarter Burlington, United States
- Founders Michael Baj, Patrick Timmons
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Sectors
TechnologyTelecommunications
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Email
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Phone
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Website
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Social
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- Legal Name 128 Technology Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$112.69 M (USD)
in 5 rounds
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Latest Funding Round
$20 M (USD), Series D
Jul 24, 2020
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Investors
Juniper Networks
& 2 more
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Employee Count
Not available
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Acquired by
Juniper Networks
(Oct 19, 2020)
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People of 128 Technology
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Software Development Team
12 people
Senior Team
1 people
Web Team
1 people
Sales and Marketing
1 people
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Funding Insights of 128 Technology
128 Technology has successfully raised a total of $112.69M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $20 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 128 Technology
128 Technology has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Juniper Networks, G20 Ventures and The Perkins Fund.
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Venture capital is invested in technology sectors by G20 Ventures.
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Early-stage investments in US tech and life sciences are targeted.
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Cloud-based enterprise networking and firewall solutions are delivered.
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Investor details for 128 Technology
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Investments & Acquisitions by 128 Technology
Investment portfolio details for 128 Technology
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Financial Statements - 128 Technology
Detailed financials for 128 Technology
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128 Technology Comparisons
Peer comparison for 128 Technology
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Competitors of 128 Technology
128 Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DriveNets, Megaport, Isovalent, Rtbrick and Novell, among others.
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Cloud-based software-defined routing infrastructure is provided for service providers.
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Platform offering cloud integration and connectivity solutions
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Provider of open source networking systems
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Disaggregated routing software is provided for telecommunication companies.
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Enterprise software solutions for productivity and security are delivered.
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Cloud & software-defined networks OS for data centers
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Detailed competitors of 128 Technology
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Latest news on 128 Technology
Complete news archive for 128 Technology
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Frequently Asked Questions about 128 Technology
128 Technology was founded in 2014.
128 Technology is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
128 Technology is a funded company, having raised a total of $112.69M across 5 funding rounds to date.
128 Technology was founded in 2014 in Burlington, United States, within the cloud networking sector. A platform is offered for distributed routing and network services, enabling delivery of applications across multiple networks. Virtual networking overlays are supported, along with zero-trust security and consolidation of standalone services. Operations focus on use cases such as next-generation WAN, data center interconnects, and network-as-a-service models. Clients served include CMC Networks, Revation, and RedVine.
128 Technology has 3 investors. Key investors include Juniper Networks, G20 Ventures, and The Perkins Fund.