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Plexxi

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Affinity-driven networking solutions provider, develops an optimized network that improves the performance of applications

Nashua, United StatesFounded 2010Other B2B Software
Valuation $100–250M Last recorded · 2015
Total funding $50–100M Disclosed equity funding
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About Plexxi

Plexxi, Inc. operated as a provider of hyperconverged networking systems tailored for software-defined data centers. Founded in 2010 by David Husak, Ephraim Dobbins, and Mat Mathews, the Nashua, New Hampshire-based company aimed to modernize data center networking. The founders, described as networking professionals, identified the complexity and inefficiency of traditional data center networks as a core problem to solve. Plexxi's business model revolved around providing a comprehensive suite of tools, from hardware switches to management software and application integrations. This approach was designed to help applications perform more effectively and align with business speed.

The company's core offering was a software-defined data fabric that focused on applications rather than the underlying physical infrastructure. This system challenged traditional hierarchical network topologies, like leaf-spine, by proposing a single-tier design that could reduce the number of required switches. Plexxi's product line included hardware switches, Plexxi Control for workload optimization, and Plexxi Connect for workflow automation. The software could automatically detect workloads from platforms like VMware and Nutanix, and then create isolated topologies with dedicated bandwidth to optimize performance. A key concept was "Affinity Networking," which used algorithms to define relationships between applications and network resources, allowing for dynamic and automated network adjustments based on real-time needs. This enabled a more flexible, scalable, and cost-effective approach to network architecture, allowing clients to build for current needs and scale incrementally.

After raising over $80 million in funding from investors including Lightspeed Venture Partners, Matrix Partners, and Google Ventures, Plexxi established itself in the software-defined networking (SDN) market. The company's trajectory culminated in its acquisition by Hewlett Packard Enterprise (HPE) in mid-2018. The deal, finalized on June 1, 2018, was a strategic move for HPE to bolster its hyperconverged and composable infrastructure offerings. Plexxi's technology was integrated with HPE's SimpliVity and Synergy product lines to create a unified solution combining compute, storage, and data fabric networking under a single management interface.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2010
Headquarters
Nashua, United States
Open positions
None listed
Dealroom signal
54.1/100
Industry
Telecom, Enterprise Software
Sector
Other B2B Software, Infrastructure Services, Network Management, Network Security, Developer Tools, Network
Business model
SaaS
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jan 2016 $0 — GV · Matrix Partners · North Bridge Venture Partners · Lightspeed Venture Partners —
SERIES DOther financing Sep 2015 $35M $140M Lightspeed Venture Partners · Matrix Partners · North Bridge Venture Partners —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Plexxi website traffic

Latest recorded traffic for Plexxi is 120 monthly website visits, down 75.5% over the last three months.

Latest monthly visits120 3-month web change-75.5%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

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

Investors

5 investors on the cap table

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

Series B and later2 investors entered at this stage

  • GV
  • Moore Capital
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
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 · Nashua HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Plexxi on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

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

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