📅 - Nauticus Networks (nauticusnet.com) said today it had completed its Series B funding by securing an additional $6 million from Advent International, one of the world's largest private equity firms.
Earlier this year the company, which has designed a new architecture to drive efficiency in the delivery of data center application services, announced a second round of VC funding from Charles River Ventures, Matrix Partners, and North Bridge Venture Partners, bringing its total to $33 million. "Nauticus is developing a gigabit-scaled application switch to address performance bottlenecks and provide industry-leading price/performance for critical network and security services," said Nauticus President and CEO Josh Weiss. "We welcome an investor of the caliber of Advent International. The support of our investors validates our vision and belief in this market opportunity for the Nauticus Application Switch to enable data center operators to radically improve application delivery with a reduced cost structure."
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