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Argon Networks
High-performance router and switch product manufacturer
About Argon Networks
Argon Networks, founded in 1997 by Steven Willis, manufactured high-performance router and switch products. The company was based in Littleton, Massachusetts, and focused on providing equipment that delivered both wire-speed IP routing and ATM switching. Its products were designed to offer high availability, targeting service provider and transport networks. Argon Networks addressed issues of scalability, performance, and migration for the internet service provider market.
The company went through two funding rounds, raising a total of $34 million. The first round occurred in 1997, followed by a Series B round on March 11, 1998, which raised $26.5 million. Key investors included New Enterprise Associates, Sigma Partners, Icon Ventures, Canaan, AT&T, Globespan Capital Partners, Greylock, and Matrix. On March 8, 1999, Argon Networks was acquired by Siemens for $240 million and later became part of Unisphere Networks.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Mar 1998 | $27M | $106M | NEA · JIF Capital · Canaan | — |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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