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Woven Systems

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Network infrastructure provider building scalable ethernet fabric switching solutions for internet data centers

Santa Clara, CubaFounded 2003Hosting
Valuation $100–250M Last recorded · 2007
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Woven Systems

Woven Systems was established in 2003 and operated as a provider of Ethernet fabric switching equipment tailored for enterprise and Internet data centers. The company's core business involved developing high-performance 10 GbE switches, notable for their density and speed, which was achieved through a custom-designed switching ASIC with specialized traffic management capabilities. This technology positioned Woven Systems within the connectivity products industry, serving clients that required robust and high-speed networking solutions for their data center operations.

The firm's strategic focus was on an ASIC-driven approach to maximize performance, a methodology that attracted investors such as Goldman Sachs Asset Management, Mohr Davidow Ventures, and Palomar Ventures. Over its operational history, the company successfully raised $40 million in funding to support its product development and market expansion efforts. Woven Systems' trajectory culminated in its acquisition by Fortinet on August 19, 2009. Fortinet, a provider of network security solutions, acquired Woven's assets and intellectual property to enhance the performance of its FortiGate-5000 Series chassis-based security products. The integration of Woven's high-speed switching and traffic management technology was intended to improve scalability and accelerate security throughput for Fortinet's high-end customers, including large enterprises and service providers. Prior to the acquisition, Woven Systems had ceased operations on May 22, 2009.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2003
Headquarters
Santa Clara, Cuba
Employees
11
Open positions
None listed
Dealroom signal
48.9/100
Sector
Hosting

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Aug 2009 $0 — Fortinet —
DEBT✓Debt Nov 2008 $4.5M — Undisclosed —
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Growth signals

Woven Systems website traffic

Latest recorded traffic for Woven Systems is 0 monthly website visits. Woven Systems's team grew 0% over the past year.

Latest monthly visits0 1-year team growth0%
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Investments and acquisitions

Capital deployed

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

Investors

4 investors on the cap table

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

Series A3 investors entered at this stage

Other known investors1 additional known investor

  • Fortinet
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 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
1 countries with
team presence
🇺🇸 United States100%
1 country shown

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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