A10 Networks raises $115 Million Investment
A10 Networks has announced that it has secured $115 million in capital through equity financing. The global growth equity firm, Summit Partners led the round with an $80-million equity investment. An additional $35-million revolving credit facility was obtained through Bank of America Merrill Lynch, J.P. Morgan and RBC Capital Markets.
Lee Chen, Founder & CEO, A10 Networks, stated, We are proud of the investment and the underlying vote of confidence from several of North America's largest and most prestigious financial institutions. With this investment, A10 will continue to extend its technology leadership and expand its market penetration with innovative solutions to help customers accelerate, optimize and secure websites and applications.
A10 continues to extend its technology leadership with innovative solutions that disrupt the Application Delivery Controller (ADC) market. The A10 Thunder Series, unveiled in May, are next-generation Application Delivery Controllers that consolidate numerous premium feature modules and deliver the highest performance, most compact form factors to increase data center scalability and efficiency.
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