Last month, Arrcus announced a new investment from Hitachi Ventures for an additional closing of its Series D
Networking software company Arrcus has signed a partnership with Itochu Techno-Solutions Corporation, NEC Networks & System Integration Corporation (NESIC) and APRESIA in a move to expand its presence in the Japanese market.
These partnerships build on the recent investment in Arrcus from Hitachi Ventures as well as Arrcus’ collaboration on the SRv6 MUP initiative with Japanese operator SoftBank.
“We are thrilled to witness the rapid adoption of Arrcus’ networking solutions in Japan for 5G and datacenter routing and switching built on our industry-leading ArcOS platform and are excited to launch our partnerships with Itochu Techno-Solutions Corporation, NESIC, and APRESIA,” said Shekar Ayyar, chairman and CEO of Arrcus.
Arrcus delivers software-driven network infrastructure solutions for routing and switching that enable Telco/5G, cloud and enterprise customers to build and operate their networks and datacenters in a cost-effective and easily programmable manner, the company said.
Last month, Arrcus announced a new investment from Hitachi Ventures for an additional closing of its Series D. Arrcus said this new investment will enable the company to accelerate its growth, expand market reach and continue delivering its networking solutions to customers worldwide.
The value of the investment was not disclosed.
Hitachi Ventures is the corporate venture capital arm of Japanese company Hitachi. The firm invests in early-stage and growth-stage technology companies. Hitachi Ventures’ investment areas span artificial intelligence, cloud computing, storage and networking and robotics, among other segments.
“The global market for routing and switching across enterprise, cloud, and telco is extremely large, of the order of $80 billion. A significant part of this is up for refresh due to cycles like the requirements of AI, move to 400G Ethernet, 5G, need for multi-cloud networking as well as low latency edge computing. Arrcus’ solutions for routing and switching have been created in a flexible, software-defined architecture presenting customers with a superior alternative to existing legacy networking vendors – tackling use cases across industries, and supporting routing and switching applications,” Ayyar, previously told RCR Wireless News.
The executive noted that Arrcus has also worked to ensure interoperability in brownfield environments, resulting in an immediately addressable market for Arrcus of over $10 billion.
Commenting about the general outlook for the rest of 2023, Ayyar said it remains strong as customers are moving forward in their evaluation and purchase cycles for Arrcus. “These include prominent names in cloud, enterprise as well as service provider domains and some of the largest market cap companies in the world. Even as the macro market seems somewhat sluggish, our customers are eager to move ahead and excited to see us deliver on the value propositions of cost reduction, performance, combined with improved speed to market with new network functions and services.”
Hitachi Ventures also noted that Arrcus Connected Edge (ACE) platform is fully programmable, allowing for automated deployment and management of network services delivering massive scale and high performance for flexible and secure multi-cloud connectivity along with features like traffic engineering and telemetry.
