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Additional Funding to Fuel Acceleration of Engineering and Sales to Address Explosive Market Opportunities

BILLERICA, Mass. – July 19, 2018 — Benu Networks, a leading provider of innovative virtual network solutions that enable service providers to rapidly create and deliver next generation IP services, today announced it has closed a total of $17.5 million in two funding rounds over the past 12 months. The funding will fuel the addition of product engineering, sales, and support resources needed to meet the rapid expansion of solution trials and deployments throughout the world.

The most recent round of $10 million, which closed in July 2018, was led by new investor Spring Lake Equity Partners, a Boston-based private equity firm that invests primarily in later-stage, technology-oriented private companies. This followed a funding round of $7.5 million led by long-time investors; Sutter Hill Ventures, a premier venture capital firm known for many...

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