Funding expands the company’s partner ecosystem, accelerates market expansion efforts and scales customer deployments towards delivering the vision of Networks for AI and AI for Networks.

November 21, 2024 11:01 AM Eastern Standard Time

SAN JOSE, Calif.–(BUSINESS WIRE)–Aviz Networks, a leader in AI-driven networking solutions, today announced the successful close of a $17 million Series A funding round. The round was led by Alter Venture Partners, with participation from existing investors Cisco Investments, Moment Ventures, Wistron and Accton and new strategic investors including Celestica and Qualcomm Ventures.

“As networks evolve, embracing AI will be crucial for enabling superior performance and operational excellence. By integrating AI with open-source solutions like SONiC, Aviz Networks is empowering enterprises to build scalable and flexible networks in a cost-effective manner. We are excited to support Aviz Networks to transform enterprise networking.”Post this

Aviz Networks was founded to modernize and transform the networking software stack, addressing the evolving demands of data centers and edge networks as they scale and integrate AI. Enterprises rely on Aviz for deploying vendor-agnostic Community SONiC solutions, enhancing network visibility, and introducing AI-driven management capabilities. These solutions empower customers with hardware flexibility, operational control, and substantial cost savings. Aviz’s innovations have been successfully deployed by leading e-commerce platforms, telecommunications providers, retailers, GPU-as-a-service providers, cloud service providers, and diverse enterprise networks.

As part of its growth strategy, Aviz plans to increase its workforce both in the US and globally. This growth will support Aviz’s continued efforts to transform the networking industry with AI-first, vendor-agnostic solutions. As part of its expansion strategy, Aviz aims to further penetrate key sectors and deliver innovative networking technologies.

Executive, Investor Partner, and Market Analyst Quotes:

Vishal Shukla, CEO of Aviz Networks: “Traditional networking solutions, even the best, struggle to adapt as infrastructure increasingly depends on AI and data-driven applications. A vendor-agnostic approach is crucial to advance networks to the next level. This strategy leverages top-tier networking hardware, a robust network operating system designed for AI, and end-to-end networking tooling that integrates AI directly into everyday networking. Aviz has perfected this approach, placing AI at the heart of how networks are built and managed. This funding round will boost our growth in current markets and allow us to explore new verticals, strengthening our commitment to innovation and excellence in an AI-driven era. We are excited to welcome new investors and deeply appreciate the ongoing support from our existing investors, partners & customers.”

Louis Toth, Co-founder & Managing Partner, Alter Venture Partners: “Aviz is redefining what is possible in the networking space with its AI-driven, vendor-agnostic solutions. Alter’s investment in Aviz is a testament to our belief in the team’s vision to transform and ameliorate network management and operations. We are particularly impressed by the company’s technological differentiation and the strong partnerships its management team have forged with key ecosystem players to help the customers navigate this transition. The co-founders’ visionary approach not only sets Aviz apart in the industry but also aligns perfectly with our fund’s investment thesis of backing leading start-ups that are using AI to transform cloud and edge infrastructure.”

Alan Weckel, 650 Group Analyst: “Aviz Networks Series A funding is a testament to their strong position in the market and the potential of their technology. Their efforts in AI-enabled networking focus on the high-growth part of the data center market. We expect AI-enabled networking to be the majority of an over $50B market by the end of the decade.”

Gavin Cato, Head of Portfolio Solutions and CTO, Connectivity and Cloud Solutions, Celestica: “Aviz’s innovative approach transforms how companies build and deploy network infrastructure for data centers and the edge, enabling them to evolve and integrate AI opportunities. We’re proud to collaborate with Aviz as they work towards achieving their vision.”

Quinn Li, Senior Vice President, Qualcomm Technologies, Inc. and Global Head of Qualcomm Ventures: “As networks evolve, embracing AI will be crucial for enabling superior performance and operational excellence. By integrating AI with open-source solutions like SONiC, Aviz Networks is empowering enterprises to build scalable and flexible networks in a cost-effective manner. We are excited to support Aviz Networks to transform enterprise networking.”

About Aviz Networks

We help our customers build Networks for AI and integrate AI into Networks. The Aviz AI Networking Stack offers unparalleled choice, control, and savings. It is designed to enable vendor-agnostic Network Operations (with orchestration, observability, real-time alerts, performance monitoring, and RoCE networks), enhance Network Visibility (with Packet Brokers and Service Nodes), and support a vendor-agnostic data lake powering an LLM-based AI assistant (Network Copilot™). The Aviz AI Networking Stack integrates with the majority of ASICs, switches, GPUs, DPUs, and servers, providing our customers with a unified experience while offering the flexibility to choose from a wide ecosystem of options. For more information on Aviz Networks please visit www.aviznetworks.com

Contacts

For additional information, contact: Ilona Gabinsky at ilona@aviznetworks.com at 415-238-1396

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