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128 Technology

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Software company on a mission to fix the internet

Burlington, United StatesFounded 2014Cybersecurity
Valuation $100–500M Latest valuation · 2020
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About 128 Technology

128 Technology, founded in 2014, developed a software-based networking platform to address complexities in traditional routing. The company was established by Andy Ory and Patrick MeLampy, serial entrepreneurs with a history of successful ventures in the networking space, including co-founding Acme Packet, which was acquired by Oracle in 2013 for $2.1 billion. This background in creating advanced networking solutions directly informed their vision for 128 Technology.

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The company's core offering is the Session Smart Router, a software solution that challenges the conventional packet-based approach of network routing. Instead, it operates on a session-aware model, making routing decisions based on individual user sessions and business policies rather than static, tunnel-based rules. This method is designed to provide greater security, agility, and performance at a reduced operational cost. Key features include a zero-trust security model that denies all traffic by default unless explicitly permitted, native encryption, and the ability to create service-centric network fabrics without the overhead of traditional tunnels. The platform serves enterprise customers and service providers, enabling them to build and manage networks across data centers, wide-area networks (WANs), and edge locations.

Financially, 128 Technology secured significant investment to fuel its growth, raising approximately $113 million over several funding rounds from investors including G20 Ventures and The Perkins Fund. The company's business model focused on software license subscriptions and a partner program that enabled managed service providers and systems integrators to sell, support, and implement the technology. In October 2020, Juniper Networks announced its acquisition of 128 Technology for $450 million. This strategic move integrated 128 Technology's Session Smart routing and SD-WAN capabilities into Juniper's AI-driven enterprise portfolio, aiming to enhance user experience optimization from the client to the cloud. Keywords: Session Smart Router, SD-WAN, secure vector routing, service-centric fabric, network security, software-defined networking, Juniper Networks, Andy Ory, Patrick MeLampy, zero-trust networking, WAN optimization, session-based routing, network virtualization, enterprise networking, cloud networking, telecommunications software, AI-driven networking, network automation, agile networking, edge computing

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2014
Headquarters
Burlington, United States
Employees
51
Open positions
None listed
Dealroom signal
66.0/100
Industry
Security
Sub-industry
Cloud & Infrastructure
Sector
Cybersecurity, Information Technology, SaaS, Network Security, Platform
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning 128 Technology.

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Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Oct 2020 $450M $450M Juniper Networks
SERIES DOther financing Sep 2019 $30M $120M G20 Ventures · The Perkins Fund
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

128 Technology website traffic

Latest recorded traffic for 128 Technology is 5.7K monthly website visits, up 72.7% over the last three months. 128 Technology's team declined 10.5% over the past year.

Latest monthly visits5.7K 3-month web change+72.7% 1-year team growth-10.5%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

3 investors on the cap table

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

Series A2 investors entered at this stage

  • G20 Ventures
  • The Perkins Fund

Other known investors1 additional known investor

  • Juniper Networks
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
4 countries with
team presence
🇺🇸 United States75%
🇵🇰 Pakistan8.3%
🇮🇳 India8.3%
🇯🇵 Japan8.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about 128 Technology on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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