# Extreme Networks

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

- Industry: IT Infrastructure
- Headquarters: San Jose, US
- Website: www.extremenetworks.com
- Total disclosed funding: $17M
- Latest round: Series B (May 8, 1997)
- Investors on record: 4

## About

Extreme Networks, Inc. is a provider of AI-powered cloud networking solutions, delivering advanced technologies to enhance connectivity, network security, and operational efficiency for businesses across various sectors.Founded in 1996, Extreme Networks, Inc. specializes in cloud networking solutions. The company is headquartered in San Jose, US. It went public on April 9, 1999, raising USD 119 mn in its IPO. The current CEO is Ed Meyercord.Extreme Networks specializes in AI-powered cloud networking solutions, with its flagship offering being the Extreme Platform ONE™, which streamlines networking, security, and operational tasks. The company provides a comprehensive suite of products including network fabric solutions, high-performance 6 GHz Wi-Fi, and Universal Zero Trust Network Access (ZTNA). Notable clients include Hyatt Hotels and Liverpool FC, with a diverse market presence in the US, Canada, UK, Germany, and Australia.In the fiscal year 2023, Extreme Networks reported a revenue of USD 1.31 bn, with an EBITDA of USD 143.19 mn. The company generates revenue primarily from subscriptions and partnerships offering its suite of networking solutions, structured as B2B agreements tailored to client needs.Extreme Networks plans to enhance its product offerings with new releases and features aimed at improving network management and security. The company is targeting expansion into additional markets in Europe and Asia by 2025, leveraging recent IPO funding of USD 119 mn to support these initiatives. The funds will be allocated towards R&D for next-generation products and expanding its customer base in new geographic regions.

## Funding rounds

- Series B, May 8, 1997, $12M — Kleiner Perkins, Norwest Venture Partners, Trinity Ventures, AVI Capital
- Series A, May 1, 1996, $5M — Norwest Venture Partners, Trinity Ventures, AVI Capital

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series B
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series A, Series B
- AVI Capital (https://capitalatlas.ai/funds/avi-capital) — Series A, Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B