Midokura Raises $20.4M In Series B Funding For Its Network Virtualization Platform For IaaS Infrastructures

This week, Midokura announced $20.4M in Series B funding for its network virtualization technology platform, Midokura Enterprise MidoNet. Midokura Enterprise MidoNet delivers an enterprise-grade, virtualized networking solution for IaaS infrastructures including, but not limited to OpenStack. Midokura’s virtualized networking solution claims advantages in comparison to the Open vSwtich (OVS) plugin with respect to scalability, performance, security and monitoring functionality. Midokura Enterprise MidoNet 5.0, for example, features enhanced analytics into network flows through physical and virtual hosts, thereby empowering customers to swiftly identify and remediate issues within network infrastructures. Midokura’s Series B funding round investors included Simplex Inc. as well as existing investors Innovation Network Corporation of Japan and a member of Midokura’s board of directors, Allen Miner. The funding raise constitutes emphatic affirmation of Midokura’s business model of delivering enterprise-grade support and services around its open sourced MidoNet platform and a current customer base that includes Dell, Overstock.com and Puppet.