Monday, January 22, 2018

PacketFabric Picks Up $25M For Terabit Scale Network

Culver City-based PacketFabric, a startup working on connecting major, carrier-neutral colocation facilities with terabit-scale network technology, has raised $25M in a Series B funding, according to the company. The funding came from NantCapital, the venture investment arm of billionaire Dr. Patrick Soon-Shiong and his NantWorks effort. According to PacketFabric, it now has a presence at more than 150 Points of Presence (PoPs) in 17 metro markets. PacketFabric said, as part of the funding, it has named Chad Milam, most recently CTO at NantWorks and Mox Networks, as its new President and Chief Operating Officer (COO). More information »

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