- Juniper Networks announced it was acquiring smart wide area networking
- As a startup 128 Technology for $450 million
- With 128 Technology, the company gets more AI SD-WAN technology
- SD-WAN is short for software-defined wide area networks,
Juniper Networks announced it was acquiring smart wide-area networking startup 128 Technology for $450 million.
This marks the second AI-fueled networking company Juniper has acquired in the last year and a half after purchasing Mist Systems in March 2019 for $405 million. With 128 Technology, the company gets more AI SD-WAN technology.
SD-WAN is short for software-defined wide area networks, which means networks that cover a wide geographical area such as satellite offices, rather than a network in a defined space.
Why is the start-up beneficial to Juniper Networks?
As a substitute of getting merely software-defined networking, the newer programs use synthetic intelligence to assist automate session and coverage particulars as wanted, somewhat than coping with static insurance policies, which could not match each state of affairs completely.
Combining 128 Technology’s groundbreaking software with Juniper SD-WAN, WAN Assurance and Marvis Virtual Network Assistant (driven by Mist AI) gives customers the clearest and quickest path to full AI-driven WAN operations — from initial configuration to ongoing.
What is 128 technology and how is it working with juniper networks?
Customizable Individual users, including service levels (below), simple policy enforcement, proactive anomaly detection, fault isolation with recommended corrective actions, self-driving network operations, and AI-driven support.
128 Technologies was founded in 2014 and raised more than $ 97 million. Its most recent round was a $30 million Series D investment. The funding happened in September 2019 and was led by G20 Ventures and The Perkins Fund.
In addition to the $ 450 million, Juniper has asked 128 technology to issue retention stock bonuses. These will encourage new owners to remain employees of the startup during the transition. Juniper has promised to honor this share under the terms of the deal. The deal is expected to be close to Juniper’s fiscal fourth-quarter general regulatory review.
