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Nauticus Networks

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Networking company creates powerful infrastructure products to deliver the next generation internet

Framingham, United StatesFounded 2000Cybersecurity
Valuation $100–250M Last recorded · 2002
Total funding $10–50M Disclosed equity funding
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About Nauticus Networks

Nauticus Networks was a developer of internet infrastructure products headquartered in Framingham, Massachusetts. The company was founded in 2000 by Joshua Weiss, who also served as its CEO. Weiss's prior experience included co-founding Prominet, which was acquired by Lucent Technologies, and managing the Xodiac Networking group at Data General.

The firm specialized in high-performance web-based switches designed to help enterprises deliver critical applications with enhanced performance, security, and availability. Its core business involved developing and selling these switches, which were targeted at enterprise networks and IT outsourcers managing web-enabled applications. The technology focused on improving security and network services like load balancing and Secure Sockets Layer (SSL) processing. Nauticus Networks' product line, the N2000 series, featured switches that delivered up to 4 Gbps of cryptographic support and 24,000 SSL connections per second. A key feature was the N2000V's virtualization capability, which allowed a single physical switch to be partitioned into multiple, independent virtual switches that could be managed dynamically.

The company successfully raised $38.4 million in funding from investors including Advent International, CRV, and Matrix Partners. A significant Series A funding round in February 2001 brought in $12.5 million. After four years of operation, Nauticus Networks was acquired by Sun Microsystems in an all-cash deal announced in January 2004. Sun Microsystems intended to integrate Nauticus's virtualization technology into its server platforms and bolster its N1 data center initiative.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2000
Headquarters
Framingham, United States
Open positions
None listed
Dealroom signal
17.3/100
Industry
Security
Sub-industry
Cloud & Infrastructure
Sector
Cybersecurity
Client focus
b2b
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jan 2004 — — Sun Microsystems —
SERIES B✓Equity / VC Jun 2002 $26M $104M Advent International —
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Growth signals

Nauticus Networks website traffic

Latest recorded traffic for Nauticus Networks is 120 monthly website visits.

Latest monthly visits120
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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

  • Advent International

Other known investors1 additional known investor

  • Sun Microsystems
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Source: Dealroom Talent Intelligence.

Global footprint

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

Posts on X, past 7 days

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