PacketFabric supports high demand for services with $25 million in funding

PacketFabric, a NantWorks company, says it has obtained $25 million in Series B funding from its lead investor NantCapital to support the acceleration of and high demand for its services. Additionally, PacketFabric says that Chad Milam has joined the company as president and chief operating officer, and a member of the board of directors.

PacketFabric, a NantWorks company, says it has obtained $25 million in Series B funding from its lead investor NantCapital to support the acceleration of and high demand for its services.

Additionally, PacketFabric says that Chad Milam has joined the company as president and chief operating officer, and a member of the board of directors. Milam has been CTO at NantWorks and Mox Networks, and led the Technical Infrastructure and Systems team at Teza Technologies, and the Global Infrastructure organization at Publicis Group S.A. prior to his position at NantWorks.

"With the proliferation of performance, security, and capacity challenges, and adding on the recent development in net neutrality, the public internet is becoming an increasingly vulnerable venue for enterprise collaboration and service delivery," says Milam. "PacketFabric is the framework of how businesses securely connect, communicate, and transact in the new digital reality."

Since its seed round completion in 2015, and the launch of its SDN platform at the beginning of 2017, PacketFabric has experienced significant growth, and increased demand for its services, the company says (see "PacketFabric offers SDN-enabled cloud networking with terabits capacity").

PacketFabric currently operates a U.S. footprint including over 150 points of presence (PoPs) in 17 metro markets with a terabit-scale backbone. Its network offers an initial capacity of multiple terabits, with the ability to scale to the petabit level in the future.

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