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128 Technology
Software company on a mission to fix the internet
About 128 Technology
128 Technology, founded in 2014, developed a software-based networking platform to address complexities in traditional routing. The company was established by Andy Ory and Patrick MeLampy, serial entrepreneurs with a history of successful ventures in the networking space, including co-founding Acme Packet, which was acquired by Oracle in 2013 for $2.1 billion. This background in creating advanced networking solutions directly informed their vision for 128 Technology.
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The company's core offering is the Session Smart Router, a software solution that challenges the conventional packet-based approach of network routing. Instead, it operates on a session-aware model, making routing decisions based on individual user sessions and business policies rather than static, tunnel-based rules. This method is designed to provide greater security, agility, and performance at a reduced operational cost. Key features include a zero-trust security model that denies all traffic by default unless explicitly permitted, native encryption, and the ability to create service-centric network fabrics without the overhead of traditional tunnels. The platform serves enterprise customers and service providers, enabling them to build and manage networks across data centers, wide-area networks (WANs), and edge locations.
Financially, 128 Technology secured significant investment to fuel its growth, raising approximately $113 million over several funding rounds from investors including G20 Ventures and The Perkins Fund. The company's business model focused on software license subscriptions and a partner program that enabled managed service providers and systems integrators to sell, support, and implement the technology. In October 2020, Juniper Networks announced its acquisition of 128 Technology for $450 million. This strategic move integrated 128 Technology's Session Smart routing and SD-WAN capabilities into Juniper's AI-driven enterprise portfolio, aiming to enhance user experience optimization from the client to the cloud. Keywords: Session Smart Router, SD-WAN, secure vector routing, service-centric fabric, network security, software-defined networking, Juniper Networks, Andy Ory, Patrick MeLampy, zero-trust networking, WAN optimization, session-based routing, network virtualization, enterprise networking, cloud networking, telecommunications software, AI-driven networking, network automation, agile networking, edge computing
At a glance
- Status
- Acquired
- Founded
- 2014
- Headquarters
- Burlington, United States
- Employees
- 51
- Open positions
- None listed
- Dealroom signal
- 66.0/100
- Industry
- Security
- Sub-industry
- Cloud & Infrastructure
- Sector
- Cybersecurity, Information Technology, SaaS, Network Security, Platform
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning 128 Technology.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Oct 2020 | $450M | $450M | Juniper Networks | — |
| SERIES DOther financing | Sep 2019 | $30M | $120M | G20 Ventures · The Perkins Fund | — |
Growth signals
Latest recorded traffic for 128 Technology is 5.7K monthly website visits, up 72.7% over the last three months. 128 Technology's team declined 10.5% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
G20 Ventures
The Perkins Fund
Other known investors1 additional known investor
Juniper Networks
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about 128 Technology on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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