Woven Systems
Network infrastructure provider building scalable ethernet fabric switching solutions for internet data centers
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.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Aug 2009 | $0 | — | Fortinet | — |
| DEBT✓Debt | Nov 2008 | $4.5M | — | Undisclosed | — |
Growth signals
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Goldman Sachs- PVPalomar Ventures
Mohr Davidow Ventures
Other known investors1 additional known investor
Fortinet
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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