# Netronome Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/netronome-systems

- Industry: Semiconductors
- Headquarters: Santa Clara, US
- Website: www.netronome.com
- Total disclosed funding: $59M
- Latest round: Series E (Apr 18, 2013)
- Investors on record: 10

## About

Netronome Systems develops advanced networking hardware, focusing on Smart Network Interface Cards (SmartNICs) that enhance data center performance and efficiency for cloud infrastructure.Founded in 2003 and headquartered in Santa Clara, California, Netronome specializes in networking solutions with a focus on SmartNIC technology. The company has undergone significant technological development while securing various funding rounds, including a recent Series E round in May 2013 where it raised USD 4.80 mn from investors such as Intel Capital and Raptor Capital Management. Netronome has completed a total of 7 funding deals, with a current company valuation of USD 96.695 mn. Notably, in May 2013, Netronome’s SSL technology and team were acquired by Blue Coat Systems for an undisclosed sum.Netronome specializes in advanced networking hardware, specifically through its flagship product, the Agilio SmartNICs. These Smart Network Interface Cards (SmartNICs) are engineered to enhance data center performance by offloading networking tasks from server CPUs, which allows for increased efficiency and capacity within cloud infrastructure. The Agilio platform is distinguished by its ability to restore computing resources to applications, thereby facilitating improved service levels and return on investment (ROI). Targeted primarily at large-scale data centers, cloud service providers, and enterprises seeking enhanced network performance, the SmartNICs empower users to run more secure virtual machines with lower capital expenditure (CAPEX). Netronome's products are marketed and sold across multiple geographical regions, including North America, Europe, and Asia, catering to a diverse client base ranging from technology companies to telecommunications firms.Netronome's revenue is primarily generated through the sale of its Agilio SmartNICs, with business transactions structured as direct sales to enterprise clients and data center operators. The company engages in B2B transactions, providing tailored solutions that address specific networking needs within its clientele. Pricing structures for the Agilio products are designed to accommodate the varying requirements of clients, including tiered offerings based on performance capabilities and service-level agreements (SLAs). Additionally, partnerships with cloud service providers and integrators may create recurring revenue streams through collaboration on deploying networking solutions. The focus on enhancing efficiency in data centers positions Netronome favorably to capture significant market share as demand for robust networking solutions continues to grow in the technology sector.Netronome plans to leverage recent funding to expand its product offerings, including the upcoming release of enhanced Agilio SmartNICs designed to further optimize network performance in data centers. The company is targeting expansion into additional geographic markets, particularly in Asia and Europe, by the end of 2024. This strategic growth initiative will be supported by the funding raised in the Series E round, which will help facilitate product development and market penetration efforts.

## Funding rounds

- Series E, Apr 18, 2013, $4.8M — Molten Ventures, Intel Capital, Sourcefire, Raptor Capital Management
- Series E, May 21, 2012, $11M — Molten Ventures, Top Technology Ventures
- Series D, May 5, 2010, $23M — Molten Ventures, Spring Lake Equity Partners, Top Technology Ventures, Raptor Capital Management
- Series C, Nov 13, 2006, $20M — 3i, Tudor Investment Corporation, Spinner Asset Management, Longview Innovation
- Series B, Jul 1, 2005 — Top Technology Ventures, Spinner Asset Management
- Series A, Nov 1, 2004 — Top Technology Ventures

## Investors

- Top Technology Ventures (https://capitalatlas.ai/funds/top-technology-ventures) — Series A, Series B, Series D, Series E
- Spinner Asset Management — Series B, Series C
- 3i (https://capitalatlas.ai/funds/3i) — Series C
- Tudor Investment Corporation — Series C
- Longview Innovation (https://capitalatlas.ai/funds/longview-innovation) — Series C
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series D, Series E
- Spring Lake Equity Partners (https://capitalatlas.ai/funds/spring-lake-equity-partners) — Series D
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Series D, Series E
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series E
- Sourcefire — Series E