# Peribit Networks

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

- Industry: Telecoms
- Headquarters: Santa Clara, US
- Website: http://www.juniper.net/us/en/
- Total disclosed funding: $31M
- Latest round: Series D (Oct 20, 2003)
- Investors on record: 4

## About

Peribit Networks specializes in advanced networking solutions, enhancing network efficiency and performance through innovative technology. Their expertise focuses on optimizing data flow across networks, catering to diverse industries.Founded in 2000 in Santa Clara, US, Peribit Networks operates under Juniper Networks, Inc. after being acquired in April 2005 for USD 337 mn. The firm has engaged in four investment deals, with its most recent transaction occurring in 2005. No pivots in strategy are noted, and there are no mentions of subsidiaries or other founders. The acquisition by Juniper Networks enabled it to leverage broader market opportunities.Juniper Networks specializes in advanced networking solutions utilizing artificial intelligence (AI) and cloud-native technologies. Their core offerings include the Mist AI platform, which enhances operational efficiency and automated network management. Additionally, they provide high-performance data center networking solutions and enterprise routing products, designed to meet the needs of sectors such as education, healthcare, retail, and cloud service providers. Their products are marketed globally, with significant presence in North America, Europe, and Asia-Pacific.Juniper Networks operates a subscription-based revenue model enhanced by direct hardware and software sales. Revenue is generated from various products, including the Mist AI platform and routing equipment, usually accompanied by service agreements that foster long-term client relationships. Clients enter contracts that entail setup fees and recurring charges for updates and support, ensuring consistent revenue streams through ongoing services.Post-acquisition, Juniper Networks aims to expand its product line and market reach. The company is focused on launching new AI-driven solutions, although specific release dates are not detailed. Plans for geographic expansion include targeting emerging markets in Asia and Europe by 2025, supported by funding from the April 2005 acquisition. The investment will enhance their capabilities in AI networking, aligning with their growth strategy in the evolving digital infrastructure landscape.

## Funding rounds

- Series D, Oct 20, 2003, $10M — Accel, Mayfield Fund, Foundation Capital, WK Innovation
- Series C, Mar 12, 2002, $21M — Accel, Mayfield Fund, Foundation Capital
- Series A, Jan 1, 2001 — Accel, Foundation Capital

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series C, Series D
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A, Series C, Series D
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series C, Series D
- WK Innovation (https://capitalatlas.ai/funds/wk-innovation) — Series D