Cisco leads $60 mn investment in application services firm Avi Networks

Cisco Investments, the venture capital arm of US-based Internet networking major Cisco, has led an investment of $60 million in application services platform Avi Networks. Investors such as DAG Ventures, Greylock Partners, Lightspeed Venture Partners, and Menlo Ventures also participated in the round.

Cisco resells the Avi Vantage Platform in the global market and Avi integrates with Cisco ACI, Cisco’s intent-based networking and automation solution for the data centre.

“We believe Avi Networks has enabled customers to scale network automation and application delivery across both private and public clouds,” said Rob Salvagno, vice president, Corporate Development at Cisco.

Cisco has