Midokura Raises $20M Series B Round for its Network Virtualization Platform

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Network virtualization specialist Midokura today announced it has raised a $20 million Series B round with participation from Japanese fintech company Simplex and existing investors like Allen Miner and the Innovation Network Corporation of Japan. With this round, Midokura’s total funding has now hit $44 million.

As enterprises move away from expensive proprietary networking hardware in favor of network virtualization and software-defined networking, Midokura offers a number of services that allow them to make this switch. The company’s efforts mostly focus on the open source OpenStack platform (which you can think of as an open source version of AWS that enterprises can run in their own datacenters). Midokura, like many similar players in this ecosystem, offers both an open source and an enterprise version of its core tools. The paid version, which costs $1,899 per host, includes enterprise support, as well as support for technologies like VMware’s vSphere and the ESXi hypervisor.

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