Updated 3:08 p.m. PT with confirmation that Andreessen Horowitz led the round.
Today Forward Networks, a stealth startup funded by Andreessen Horowitz, SV Angel, and A Capital, announced it has secured $11.1 million in capital in a public SEC filing.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1614578,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"D"}']Andreessen Horowitz led the $11.1 million round, Forward Networks told VentureBeat by email, but the company declined to comment any further on the raise.
To date, the company has raised at least $11.97 million, including a $824,999 round that was also reported today but dates back to September 2013.
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Forward Networks claims it’s “bringing the best ideas in Computer Science to networking. Our mission is to dramatically improve networking for companies of all sizes,” Forward Networks’ site reads. Elsewhere, the company says its “goal is to accelerate an industry-wide transition toward networks with greater flexibility, agility, and automation, driven by a new generation of network control software.”
To do so, the company will compete with other companies operating in the virtual networking space, including startups like Big Switch and Midokura, plus heavyweights like Cisco, Juniper, and VMWare.
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