Affirmed Networks

Middlesex, United States Founded: 2010 • Age: 16 yrs Acquired By Microsoft
Mobile network virtualization solution

About Affirmed Networks

Affirmed Networks is a company based in Middlesex (United States) founded in 2010 was acquired by Microsoft in March 2020. Affirmed Networks has raised $155.01 million across 6 funding rounds from investors including Microsoft, Vodafone and Bessemer Venture Partners. The company has 299 employees. Affirmed Networks offers products and services including Virtual Evolved Packet Core, Affirmed UnityCloud, and Affirmed Private Network Service. Affirmed Networks operates in a competitive market with competitors including VMware, Mavenir, Ericsson, NEC and ZTE, among others.

Key Metrics
  • Annual Revenue
    ₹28.17 Cr

    FY 2018 · +110% YoY

  • Net Profit
    ₹3.09 Cr

    FY 2018 · 11% margin

  • EBITDA
    ₹4.72 Cr

    FY 2018 · 17% margin

  • Total Equity Funding
    $155.01 M (USD)

    in 6 rounds

  • Latest Funding Round
    $38.02 M (USD), Series C

    Feb 2019

  • Investors
    Microsoft

    & 11 more

  • Employee Count
    299
  • Acquired by
    Microsoft

    (Mar 2020)

Products & Services of Affirmed Networks

Affirmed Networks offers a comprehensive portfolio of products and services, including Virtual Evolved Packet Core, Affirmed UnityCloud, and Affirmed Private Network Service.

Virtual Evolved Packet Core
Network Solution

Fully virtualized solution for transforming telecom networks

Affirmed UnityCloud
5G Core

Cloud-native platform for Telco digital transformation and 5G deployments

Affirmed Private Network Service
Managed Services

Service to monetize enterprise opportunities with private networks

Funding Insights of Affirmed Networks

Affirmed Networks has successfully raised a total of $155.01M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $38.02 million completed in February 2019. 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 $155.0M
  • Total Rounds 6
  • Last Round Series C β€” $38.0M
  • First Round $10.9M

    (Jun 2010)

  • Investors Count 11

All 6 funding rounds of Affirmed Networks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2019$38.0MSeries C–Centerview Capital
Jun 2013$51.0MSeries C–Bessemer Venture Partners
Nov 2012$52.0MSeries C–Lightspeed Venture Partners , Vodafone
Aug 2011$1.4MSeries A––
–
Dec 2010$1.7MSeries A––
–
Jun 2010$10.9MSeries A–CRV , Matrix
–
Valuation history

12 investors in total: 12 institutional.

Investors in Affirmed Networks

Affirmed Networks has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Vodafone and Bessemer Venture Partners.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Private investment firm providing capital and expertise to high-potential companies in technology and consumer sectors.
–centerviewcapital.com-
Venture capital investing in technology sectors such as AI and automotive.
2000qualcommventures.comSan Diego, United States
Venture debt firm that does debt investment in the US
–eastwardcp.comNewton, United States
Venture capital investments and support for entrepreneurs in technology and innovation sectors.
1911bvp.comRedwood City, United States
CRV is recognized as a venture capital firm investing in technology startups.
–crv.comPalo Alto, United States
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
1997lsvp.comMenlo Park, United States
Early-stage ventures are funded by the investment firm.
–matrix.vcSan Francisco, United States
Venture capital firm focused on multiple sectors
–t.capitalHamburg, Germany
Vodafone is recognized as a global telecommunications provider.
1982vodafone.comNewbury, United Kingdom
Diversified investment management firm
1999ttcp.comSan Francisco, United States
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Investor details for Affirmed Networks

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Board of directors of Affirmed Networks India Private Limited (Affirmed Networks)

Affirmed Networks India Private Limited is the primary company behind Affirmed Networks. The board of Affirmed Networks India Private Limited currently have 4 directors; the longest-serving is Benjamin Owen Orndorff, appointed in 2022. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Benjamin Owen Orndorff
DIN 02803210
Director27 Dec 20223 yrs 9 moAffirmed Networks India Private Limited
Shobana Rajagopal
DIN 10937289
Alternate Director04 Feb 20251 yr 8 moAffirmed Networks India Private Limited
Leigh Anne Kiviat
DIN 11303405
Director17 Sep 20251 yrAffirmed Networks India Private Limited
Vemireddi Sai Manoj Kumar
DIN 11308494
Alternate Director19 Sep 20251 yrAffirmed Networks India Private Limited

People of Affirmed Networks

7 people are tracked at Affirmed Networks (5 in leadership, 2 in team); the tracked headcount is 299.

NameRoleGroup
George Hale
VP, Finance & AdministrationLeadership
Sanjay Mewada
Chief Strategy & Marketing OfficerLeadership
Hassan Ahmed
Chairman And CEOLeadership
Mark Humphreys
Sales Director UK & ILeadership
Shimao Wang
Sales Director, Greater ChinaLeadership
Srinivasan Muralidharan
Senior Manager, Product DevelopmentTeam
Sarah Boris
Senior Technical WriterTeam
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Complete people profiles for Affirmed Networks

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Financials of Affirmed Networks

Figures of Affirmed Networks India Private Limited, the primary company behind Affirmed Networks, for FY 2018. Revenue was ₹28.17 Cr (+110% year on year). Net profit was ₹3.09 Cr (11% margin). EBITDA was ₹4.72 Cr (17% margin).

  • ₹28.17 CrRevenue · FY 2018 · +110% YoY
  • ₹3.09 CrNet profit · 11% margin
  • ₹4.72 CrEBITDA · 17% margin
  • ₹0.10 CrPaid-up capital
  • 135Employees (provident fund records)

Balance sheet, profit and loss, cash flow and ratios of Affirmed Networks India Private Limited are on its company page.

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Detailed financial statements for Affirmed Networks

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

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Timeline of Affirmed Networks

4 dated milestones of Affirmed Networks across 10 years, from founding to its latest funding, stage changes and deals.

  1. Founded Affirmed Networks is founded.
  2. Funding First funding round of $10.9M.
  3. Funding Latest funding round, Series C, of $38.0M.
  4. Exit Acquired by Microsoft.

Competitors of Affirmed Networks

Affirmed Networks 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 VMware, Mavenir, Ericsson, NEC and ZTE, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
vmware.com1998Palo Alto, United States$595.8M–
Cloud orchestration solutions are provided for multi-cloud and device applications.
mavenir.com2005Richardson, United States$105.4M363
Multi-access edge networking computing platform is provided for mobile services.
ericsson.com1876Stockholm, Sweden––
Telecom equipment and software solutions are provided for networks.
nec.com1899Minato, Japan–110,595
Cloud-based IT and networking solutions are provided globally.
zte.com.cn1985Shenzhen, China–74,773
Enterprise SD WAN network management solutions are provided globally.
enea.com1965Stockholm, Sweden––
Real-time operating systems and telecom protocols are provided for enterprises.
arraynetworks.com2000Milpitas, United States$38.6M–
Network Functions Virtualization platform provider
zerotier.com2011Irvine, United States$15.9M16
Layer 2 virtual networks are created via open-source software.
commscope.com1976Richardson, United States–4,773
Fiber-optic and wireless infrastructure products provider
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Detailed competitors of Affirmed Networks

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

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Verified entity values are shown only after access is granted.

Web traffic of Affirmed Networks

The website of Affirmed Networks (affirmednetworks.com) receives about 1.2K visits a month.

  • Monthly visits
    1.2K

    ▲ 46% vs previous month

Similar websites

Websites whose visitors overlap most with Affirmed Networks. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
notoriousnetworks.com
notoriousnetworks.com
100%
–––
lightreading.com
60%
326.5K#172,438View details

Latest news on Affirmed Networks

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Similar companies to Affirmed Networks

10 companies that operate in the same segment as Affirmed Networks (Enterprise Networking & IT Infrastructure), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Cloud orchestration solutions are provided for multi-cloud and device applications.
1998Palo Alto, California, United StatesUSD 595.83 MUSD 812.05 M8,861
Cloud based website security solutions
2009San Francisco, California, United StatesUSD 332.1 MUSD 1.67 B4,260
Cybersecurity and zero trust solutions are delivered for secure networks.
2007San Jose, California, United StatesUSD 148 MUSD 3.35 B2,241
Provider of cloud and AI based CDN management software
1998Cambridge, Massachusetts, United StatesUSD 61.5 MUSD 4.21 B10,700
Cloud-based monitoring and tracing of hybrid application performance are provided.
1999Austin, Texas, United StatesUSD 308.14 MUSD 2.11 K153
Cloud networking solutions are delivered via AI and SaaS platforms.
2004Santa Clara, California, United StatesUSD 1.5 MUSD 7 B4,410
Cloud-based network infrastructure for IoT applications is provided.
2004Boise, Idaho, United StatesUSD 154.85 MUSD 8.52 M165
Cloud-based content delivery network solutions are provided globally.
2001Tempe, Arizona, United StatesUSD 130 MUSD 15.87 M18
Cloud security solutions are delivered for enterprise visibility and protection.
2012Santa Clara, California, United StatesUSD 1.44 BUSD 34.05 M530
Hybrid cloud integration software is developed for enterprise connectivity.
2014Santa Clara, California, United StatesUSD 346 MUSD 1.32 M17
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Frequently Asked Questions about Affirmed Networks

Affirmed Networks was founded in 2010.

Affirmed Networks is headquartered in Middlesex, United States.

Affirmed Networks is a funded company, having raised a total of $155.01M across 6 funding rounds to date. The company's 1st funding round was a Series A of $10.89M, raised on Jun 2010.

Affirmed Networks has 299 employees.

The primary company behind Affirmed Networks, Affirmed Networks India Private Limited, reported revenue of β‚Ή28.17 Cr for FY 2018, up 110% year on year.

Affirmed Networks was founded in 2010 in Middlesex, United States, focusing on telecommunications through network function virtualization. Subscriber management and gateway functionalities are bundled with application and content delivery services in virtualized platforms. Multiple network elements are consolidated into single platforms running on commercial off-the-shelf hardware, leveraging advancements in processors and networking. The Mobile Content Cloud extends NFV benefits to the mobile packet core, supporting operations in the mobile sector.

Affirmed Networks's top competitors include VMware, Mavenir and ZTE.

Affirmed Networks offers Virtual Evolved Packet Core, Affirmed UnityCloud, and Affirmed Private Network Service.

Affirmed Networks has 12 investors. Key investors include Microsoft, Vodafone, Bessemer Venture Partners, Lightspeed Venture Partners, and Qualcomm Ventures.

Affirmed Networks operates through Affirmed Networks India Private Limited.

Yes. Affirmed Networks was acquired by Microsoft in March 2020.

The legal entities of Affirmed Networks currently have 4 directors, including Benjamin Owen Orndorff, Shobana Rajagopal, Leigh Anne Kiviat and others.

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