Bare Metal Cloud Provider Packet Receives $9.4 Million Investment

September 14, 2016
Bare Metal Cloud Provider Packet Receives $9.4 Million Investment
Bare metal cloud provider Packet has received a $9.4 million investment. Packet, which was established in 2014, has headquarters in New York City, United States. The company maintains an “advanced global IP network” which links its data center facilities in Parsippany, New Jersey, Sunnyvale, California, and Amsterdam, Netherlands. It specializes in bringing “public cloud style automation to the Internet's physical hardware and network layers” without the inconvenience of vendor lock in. Packet's solutions automate physical servers and networks to enable “on-demand compute and connectivity” that avoids the necessity of virtualization or multi-tenancy. Packet received ‘Series A’ funding managed by by SoftBank Corporation (SoftBank).

SoftBank is a subsidiary of Tokyo, Japan-based SoftBank Group Corporation. The company’s services extend to Internet connection services for Japanese customers alongside mobile communication and fixed-line options. As well as leading funding in Packet, the two companies have partnered to enable Japanese customers to benefit from Packet's bare metal server automation technology and its public cloud services.

"As one of the most forward-looking investors in the world, SoftBank is a natural partner for our vision of automating fundamental infrastructure, no matter where it is," explained the CEO of Packet, Zachary Smith. "In a market dominated by giants, we feel that a bold partner comfortable with challenging the status quo is exactly what we need to aggressively expand our current momentum in the global cloud marketplace and bring our infrastructure automation expertise to private data centers."

Do you know of any other industry players receiving investment or forming partnerships? Let us know the details. Add your comments below.



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