PLUMGrid Harvests $16.2M In Funding For OpenStack Networking

Sunnyvale-based PLUMgrid, a developer of OpenStack networking software, has raised $16.2M in a Series B funding round, the company said Wednesday. The funding was led by Longworth Venture Partners, and also included U.S. Venture Partners, Hummer Winblad Venture Partners, Qualcomm Ventures, and Swisscom Ventures. The company said the new funds go towards global sales and marketing. PLUMgrid is led by Awais Nemat. More information »