# SnapRoute

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snaproute

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.snaproute.com
- Total disclosed funding: $25M
- Latest round: Series A (Dec 27, 2016)
- Investors on record: 4

## About

SnapRoute, Inc. is a technology company specializing in network operating systems for cloud-native networking solutions, designed to enhance network performance and operational efficiency.Founded in 2015 in Santa Clara, US, SnapRoute, Inc. develops cutting-edge networking solutions aimed at transforming traditional networking paradigms. The company has undergone strategic shifts to align with market demands, focusing on delivering advanced cloud-native technologies. In November 2019, SnapRoute was acquired by Infoblox Inc., a subsidiary of Vista Equity Partners, further indicating its value in the networking space. The company has successfully raised a total of USD 24.80 mn through a Series A funding round led by Norwest Venture Partners, with participation from AT&T Inc., Lightspeed Venture Partners, and M12, achieving a current valuation of USD 103.39 mn.SnapRoute specializes in developing innovative network operating systems that facilitate cloud-native infrastructure management. Their products are tailored for service providers and enterprises, focusing on enhancing networking efficiency, scalability, and flexibility. The solutions integrate seamlessly with various cloud environments, ensuring optimized network performance and security across all platforms.SnapRoute generates revenue primarily through a subscription-based model, which entails multi-year agreements or annual subscriptions for its cloud networking solutions. The company’s offerings are designed to provide direct B2B engagements, enabling clients to access its advanced networking tools efficiently. SnapRoute's pricing structure accommodates diverse organizational needs, underpinning long-term client relationships through continuous service improvements and operational support.Following its acquisition in November 2019, SnapRoute aims to expand its product offerings and services, focusing on developing new cloud-native network management solutions. The company is also exploring growth opportunities in international markets, particularly in Asia-Pacific and Europe, with plans to establish a stronger presence by 2025. The Series A funding received will be strategically deployed to enhance R&D for innovative products and to support market entry initiatives.

## Funding rounds

- Series A, Dec 27, 2016, $25M — Lightspeed Venture Partners, Norwest Venture Partners, AT&T Inc., M12

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A
- AT&T Inc. — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A