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
-
Sectors
TechnologyTelecommunications
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 128 Technology Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$112.69 M (USD)
in 5 rounds
-
Latest Funding Round
$20 M (USD), Series D
Jul 24, 2020
-
Investors
Juniper Networks
& 2 more
-
Employee Count
Employee Count
-
Acquired by
Juniper Networks
(Oct 19, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Software Development Team
12 people
Senior Team
1 people
Web Team
1 people
Sales and Marketing
1 people
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $20.0M
-
First Round
First Round
(16 Dec 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series D - 128 Technology | Valuation |
investors |
|
| Sep, 2019 | Amount | Series D - 128 Technology | Valuation | The Perkins Fund | |
| May, 2018 | Amount | Series C - 128 Technology | Valuation | G20 Ventures |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital is invested in technology sectors by G20 Ventures.
|
Founded Year | Domain | Location | |
|
Early-stage investments in US tech and life sciences are targeted.
|
Founded Year | Domain | Location | |
|
Cloud-based enterprise networking and firewall solutions are delivered.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 128 Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - 128 Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
128 Technology Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software-defined routing infrastructure is provided for service providers.
|
|
| domain | founded_year | HQ Location |
Platform offering cloud integration and connectivity solutions
|
|
| domain | founded_year | HQ Location |
Provider of open source networking systems
|
|
| domain | founded_year | HQ Location |
Disaggregated routing software is provided for telecommunication companies.
|
|
| domain | founded_year | HQ Location |
Enterprise software solutions for productivity and security are delivered.
|
|
| domain | founded_year | HQ Location |
Cloud & software-defined networks OS for data centers
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about 128 Technology
When was 128 Technology founded?
128 Technology was founded in 2014.
Where is 128 Technology located?
128 Technology is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Is 128 Technology a funded company?
128 Technology is a funded company, having raised a total of $112.69M across 5 funding rounds to date. The company's 1st funding round was a Series C of $30.69M, raised on Dec 16, 2014.
What does 128 Technology do?
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.
Who are the top competitors of 128 Technology?
Who are 128 Technology's investors?
128 Technology has 3 investors. Key investors include Juniper Networks, G20 Ventures, and The Perkins Fund.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.