04 December 2019:
Augtera Networks has raised $4 million in fresh round of funding. The funding round was led by Bain Capital Ventures. aCrew Capital also participated in the funding round.
As a part of funding, Enrique Salem, partner at Bain Capital Ventures and former CEO of Symantec will join Augtera’s board of directors.
The company will use the fresh capital to expand operations to support existing and rapidly growing production deployments across Global 1000 companies, scale strategic partnerships and accelerate adoption.
Rahul Aggarwal, founder and CEO, Augtera Networks, said, “The current paradigm of building and operating networks relies on engineering and operations teams to manually mine and find needles in an increasingly large and multi-layered haystack of data.”
Rahul Aggarwal, added, “These teams are not able to leverage the richness of the network data and their work flows are reactive while serving applications, customers and users that depend on the network. Augtera’s proprietary AI technology powered by a holistic network model, finds the needles in the haystack automatically and proactively and enables a paradigm shift.”
Enrique Salem, partner at Bain Capital Ventures, said, “Networks have become highly complicated, and management solutions to date have not kept up. Augtera has built a ground-breaking AI system with algorithms designed specifically for networks, and we are already witnessing the efficacy and commercial potential of its highly-differentiated product in a number of customer environments. As an early investor, we are thrilled to partner with Rahul and Bhupesh and look forward to playing an active part in the company’s growth and success.”
Theresia Gouw, co-founder of aCrew Capital, said, “We are excited to be partnering with Rahul and Bhupesh, who bring world class domain expertise that is needed to unlock the tremendous value of applying machine learning to the networking domain. We look forward to our journey ahead with them.”
Augtera Networks was founded by Rahul Aggarwal and Bhupesh Kothari. It has developed proprietary algorithms with over two years of R&D to apply machine learning to the networking domain.
(Image – Augtera Networks)