Comcast affiliate heads Vyatta’s $11M funding

Mon, 04/02/2007 - 2:00pm
Traci Patterson, CED

Vyatta, a creator of open-source networking products, has completed its Series B financing, led by Comcast Interactive Capital (CIC).

All of Vyatta’s existing investors joined CIC in the $11 million round of funding—including JP Morgan Partners (as advised by Panorama Capital), ComVentures and ArrowPath Venture Partners)—bringing Vyatta’s total venture funding to $18.5 million.

The funds will be used for operating capital as Vyatta scales its market penetration and product delivery, the company said.

CIC—a venture capital fund and a Comcast Corp. affiliate—has also joined Vyatta’s board of directors. The company will help Vyatta address service provider market opportunities for its open-source networking solutions, including routing, firewall and VPN functionality, and extensibility for other network applications, Vyatta said.

“Vyatta enables several new potential managed service bundles for small and medium-sized business and enterprise markets,” said Deepak Sindwani, principal at CIC, in a statement. “Further, its use of standard x86 hardware provides the opportunity for fundamentally better economics than proprietary hardware products.”

Vyatta appliances, such as the Dell PowerEdge 860 server, integrate Vyatta software with an x86 hardware platform to optimize routing performance and simplify deployment. The Vyatta system is available as a software subscription with tiered service and support options, or as a pre-configured hardware appliance that can be dropped into a network, the company said.

“Whether deployed by enterprises or delivered as premise equipment by service providers, the network infrastructure market is at the beginning of a profound wave of change driven by the power of openness,” said Kelly Herrell, CEO of Vyatta, in a statement.


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