# Benu Networks

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

- Industry: Software
- Headquarters: Billerica, US
- Website: www.benunets.com
- Total disclosed funding: $44M
- Latest round: Series B (Oct 19, 2015)
- Investors on record: 7

## About

Benu Networks, Inc. delivers innovative networking and communication solutions for telecommunications, enterprise IT, and cloud services, aiming to enhance data traffic management and security protocols in digital environments.Benu Networks, Inc. was founded in 2010 and is headquartered in Billerica, US. The company focuses on providing advanced networking solutions and has undergone significant growth, culminating in its acquisition by Ciena Corporation in November 2022, which was aimed at enhancing their capabilities in supporting next-generation metro and edge strategies. Mads Lillelund serves as the CEO of the company. Since its inception, Benu Networks has successfully completed 10 deals and raised a total of USD 10.00 mn, with the latest funding round led by Spring Lake Equity Partners.Benu Networks specializes in providing innovative networking and communication solutions tailored for various sectors, including telecommunications, enterprise IT, and cloud services. Their core product offerings include advanced networking hardware and software solutions that optimize data traffic, enhance security protocols, and streamline communication processes. The company's client base includes large enterprises, service providers, and government organizations, focusing on North America, Europe, and parts of Asia-Pacific.Benu Networks generates revenue primarily through a mix of direct sales and subscription-based services. Their business model encompasses B2B transactions with corporate clients and partnerships with distributors and resellers. The company offers tiered subscription plans for its software services, allowing clients to choose packages that fit their operational needs, with flagship products like their proprietary network optimization software integral to their revenue structure.Following its acquisition by Ciena Corporation in November 2022, Benu Networks aims to leverage this partnership to extend their product offerings and enhance connectivity solutions. The company plans to introduce new networking products tailored for metro and edge applications to meet rising demands in various markets. Additionally, they are targeting expansion into new geographic regions, particularly focusing on the Asia-Pacific market by late 2024. The recent funding will facilitate these initiatives, enabling Benu Networks to innovate and enhance their service capabilities.

## Funding rounds

- Series B, Oct 19, 2015, $4.4M — Comcast Ventures, Sutter Hill Ventures, Spark Capital
- Series B, Oct 6, 2014, $14M — Comcast Ventures, Sutter Hill Ventures, Spark Capital, ARRIS Group, Inc., Liberty Global Ventures, Shaw Ventures
- Series B, Aug 5, 2013, $5M — Comcast Ventures, Sutter Hill Ventures, Spark Capital
- Series B, Mar 27, 2013, $21M — Spark Capital
- Seed, May 19, 2011 — Comcast Ventures, Spark Capital, Motorola Solutions Venture Capital

## Investors

- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed, Series B
- Spark Capital — Seed, Series B
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Seed
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series B
- ARRIS Group, Inc. — Series B
- Liberty Global Ventures (https://capitalatlas.ai/funds/liberty-global-ventures) — Series B
- Shaw Ventures — Series B