NetBox Labs, the open source startup transforming network management and automation, is announcing its Series A funding results of $20 million, enabling the company to grow its platforms. Led by Flybridge Capital, the funding round saw participation from GGV Capital, Grafana Labs, Mango Capital, Salesforce Ventures, Two Sigma Ventures, IBM, the Founder Collective, and Entrée Capital. The conclusion of the funding round also saw additions to the board of NetBox Labs, including David Aronoff of Flybridge, Raj Dutt of Grafana Labs, and Glenn Solomon of GGV Capital.
Spurred by NetBox Labs’ spin-out from NSI, which was recently acquired by IBM, NetBox Labs is driving the simplification and acceleration of network automation journeys.
The series A funding will be directed toward scaling the development and delivery of open source NetBox and NetBox Cloud, an enterprise grade, SaaS version of NetBox that mitigates administrative overhead associated with hosting and managing enterprise-grade NetBox instances. NetBox Cloud also adds a range of features, including those designed for reliability, security, and compliance.
“NetBox is unequivocally the dominant network source of truth on the market today, and we are committed to making sure it’s the first choice for every networking professional on the planet, whether they are an open source or commercial user,” said Kris Beevers, co-founder and CEO of NetBox Labs. “NetBox Labs is backed by some of the most successful and experienced visionaries and investors in open source businesses—including early investors in MongoDB and HashiCorp. With this DNA in our team and board, we will accelerate the open source transformation of the networking industry, starting with NetBox.”
Open source Netbox has seen a tremendous uptick in users, accruing 12,000 stars on GitHub with tens of thousands of enterprise installs, accompanied by hundreds of vendor and technology integrations, according to the company.
“With the increasingly dynamic, distributed, and critical nature of networks, combined with the explosion of devices and the rapid transition of every enterprise to SaaS and connected systems, networking teams are feeling the crunch. In this reality, network automation is a critical priority,” said Jeremy Stretch, co-founder and lead maintainer at NetBox Labs. “NetBox has become a linchpin technology enabling organizations to accelerate their automation journeys and take back control of their networks.”
NetBox Cloud, already enhancing its customers' automation journeys—including Chewy, Dartmouth College, and Constant Contact—is available with intro, standard, and enterprise tier plans.
“After piloting NetBox and seeing an 80% reduction in tickets related to manual errors on our network, we quickly made the move to NetBox Cloud and haven’t looked back,” said Felix Windt, CTO at Dartmouth College. “Using NetBox Cloud has created a culture shift within our IT organization that has had profound results on our ability to automate our network and better serve the many stakeholders in our community.”
To learn more about NetBox Labs, please visit https://netboxlabs.com/home.