# Barefoot Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/barefoot-networks

- Industry: Electronics
- Headquarters: Santa Clara, US
- Website: www.barefootnetworks.com
- Total disclosed funding: $154M
- Latest round: Series C (Oct 21, 2016)
- Investors on record: 9

## About

Barefoot Networks, Inc. specializes in advanced networking solutions, focusing on Ethernet switching technologies that enhance performance and visibility for data centers and enterprise networks.Founded in 2013 and headquartered in Santa Clara, US, Barefoot Networks, Inc. develops innovative networking solutions. The company was acquired by Intel Corporation in June 2019, enhancing its operational capabilities. Under the leadership of CEO Kazi Huque, Barefoot has successfully navigated the networking technology landscape, addressing specific needs of hyperscale data centers and high-performance computing environments. The company has completed seven deals, with the latest funding round being a Series D of USD 70.47 mn, bringing the total amount raised to USD 70.47 mn and a current valuation of USD 487.14 mn.The core offerings of Barefoot Networks include Intel® Intelligent Fabric Processors (Intel® IFPs) such as Intel® Tofino™ and Intel® Tofino™ 2 Ethernet switches. These products are known for their P4 programmability, enabling customization for specific networking needs. They cater to various use cases in hyperscale data centers and high-performance computing, focusing on efficient packet processing, real-time telemetry, and enhanced network security. The clientele includes service providers and enterprises looking to optimize their networking infrastructure globally, with strong presence in North America, Europe, and Asia.Barefoot Networks generates revenue primarily through B2B transactions involving direct sales to enterprises and service providers. These sales often follow a subscription or partnership model, with clients engaging in multi-year contracts that encompass network solutions, support, and software updates. The flagship Intel® Tofino™ series plays a critical role in the sales mix, with pricing structured according to the complexity and capabilities of the products, ensuring tailored solutions that align with operational goals. This revenue generation is bolstered by a comprehensive ecosystem of software tools and analytics.Barefoot Networks plans to leverage recent funding to expand its product offerings and market reach. The company is focusing on launching new products aimed at enhancing network functionalities and performance within various sectors. Additionally, it aims to penetrate new geographic markets, particularly in Asia and Europe, by the end of 2020. Following its acquisition by Intel, the company will utilize resources to bolster its development capabilities and support strategic initiatives aimed at capturing a larger share of the networking solutions market.

## Funding rounds

- Series C, Oct 21, 2016, $23M — Tencent Investment, Alibaba Group
- Series C, Jun 13, 2016, $57M — Lightspeed Venture Partners, Hong Shan, GV, Goldman Sachs Asset Management, Fusion Global Capital, Hewlett Packard Enterprise Development LP
- Series B, Dec 17, 2014, $50M — Lightspeed Venture Partners, Hong Shan
- Series A, Apr 25, 2014, $24M — Lightspeed Venture Partners, Hong Shan, GV, Andreessen Horowitz, Goldman Sachs Asset Management

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C
- Hong Shan — Series A, Series B, Series C
- GV (https://capitalatlas.ai/funds/gv) — Series A, Series C
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series A, Series C
- Fusion Global Capital (https://capitalatlas.ai/funds/fusion-global-capital) — Series C
- Hewlett Packard Enterprise Development LP — Series C
- Tencent Investment — Series C
- Alibaba Group — Series C