|
|
|
|
|
Juniper Networks Launches Venture Fund To Spark Innovation For "The New Network"
Published Feb 28, 2010
|
Juniper Networks® announced the Junos® Innovation Fund, a new corporate venture capital initiative that will invest in groundbreaking companies focused on improving the experience and economics of networking. The $50 million fund expands Juniper's efforts to create and deliver an ecosystem of technologies, software and applications built on the open and secure Junos software platform, which allows companies to directly program multiple layers of their networks and quickly and efficiently create new services while enabling rich user experiences, revolutionary economics and fast time to market.
Primarily targeting early- and growth-stage venture backed companies, the Junos Innovation Fund will invest in companies over the next two years that complement Juniper's growth strategy. Key investment areas will include networking technologies, applications, and services that foster the development and deployment of security infrastructure, advanced mobility and video solutions, virtualization, network automation, optical technology, and green networking.
"Junos already offers our customers, partners and developers a powerful platform to drive innovation for the network, from the core to the client, without having to build from scratch. With the Junos Innovation Fund, we'll expand that ecosystem with capital resources in addition to SDKs and support services that will accelerate the velocity and variety of 'new network' solutions reaching our customers," said Kevin Johnson, CEO of Juniper Networks. "These investments will also enhance Juniper's R&D roadmap and ensure that the company is continuing to lead in bringing transformational technologies to market."
Juniper has a history of backing innovative technology companies and currently has investments in 11 companies, including Ankeena Networks, Blade Network Technologies, Cyan Optics, FireEye and Packet Design.
Posted by
VMD - [Virtual Marketing Department]
|
|
|
