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Confluence Networks

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A Milpitas, Calif-based data storage management network, came out of stealth mode

Milpitas, United StatesStorage
Valuation $50–100M Last recorded · 2003
Total funding $10–50M Disclosed equity funding
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About Confluence Networks

Confluence Networks, founded in 2019 by a team of seasoned telecommunications industry professionals, is a developer and provider of undersea fiber-optic communications systems. The company was established by Paul Scott, Valentina Gallardo, and David G. Ross to address the need for a more direct, low-latency, and robust alternative to existing terrestrial networks along the U.S. East Coast. Paul Scott, the CEO, brings over 30 years of executive experience in international telecommunications, particularly in subsea networks where he was instrumental in the growth of companies like Caribbean Crossings and C&W Networks. The founding team's journey began when they identified the challenge of northbound traffic from Latin America and the Caribbean relying on aging terrestrial infrastructure. This led to the conception of Confluence-1, the company's flagship project.

The core of Confluence Networks' business is the development and operation of the Confluence-1 subsea cable, a 2,571km system designed to connect major cable landing sites on the U.S. East Coast. This network directly links Wall, New Jersey, to Boca Raton/Sunny Isles, Florida, with intermediate branches to key locations such as Virginia Beach, Myrtle Beach, and Jacksonville. By creating an undersea route, Confluence-1 serves as a diverse alternative to the terrestrial I-95 corridor, aiming to provide lower latency and enhanced security for data traffic. The company's business model revolves around selling access to this infrastructure to a diverse clientele that includes large enterprises, Internet Service Providers (ISPs), data centers, financial institutions, and multinational corporations. Revenue is generated through two primary offerings: long-term leases of dark fiber and managed capacity services.

Confluence Networks provides its clients with Dark Fiber Pairs on an Indefeasible Right of Use (IRU) basis, with long-term contracts typically ranging from 15 to 25 years. This service grants clients commercial and technical independence, allowing them to scale their network infrastructure as needed. For customers who prefer a managed solution, the company offers scalable Capacity Services with 10G and 100G ports, which are fully provisioned and maintained by Confluence Networks. The Confluence-1 network is engineered with 24 fiber pairs, offering a substantial total capacity of over 1800 Tbps. A key benefit is the direct interconnection of major international subsea cable systems from South America, Europe, and Africa, positioning Confluence-1 as a critical hub in the Atlantic basin. The company guarantees service reliability through comprehensive Service Level Agreements (SLAs) that include 24/7 network monitoring and maintenance.

Source: Dealroom company data

At a glance

Status
Operational
Headquarters
Milpitas, United States
Open positions
None listed
Dealroom signal
1.6/100
Sector
Storage
Business model
SaaS
Client focus
b2b
Links
Website

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Dec 2003 $9.2M $37M NEA —
SERIES B✓Equity / VC Jun 2002 $28M $113M Venture Strategy Partners —
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Growth signals

Confluence Networks website traffic

Latest recorded traffic for Confluence Networks is 420 monthly website visits, down 52.3% over the last three months.

Latest monthly visits420 3-month web change-52.3%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Venture Strategy Partners

Series B and later1 investor entered at this stage

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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Milpitas HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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