NoviFlow announces successful closing of Series A round
NoviFlow Inc., a global leader in programmable, high-performance Software Defined Networking (SDN) forwarding plane solutions, announced the closing of a $9 million Series A round of funding.
The round was led by Fonds de solidarité FTQ and joined by W3 Investissement and Somel Investments Inc., with participation from previous investors and directors of NoviFlow Inc.
Headquartered in Montreal, Canada, the new funding will enable NoviFlow to quickly expand its global sales resources and marketing activities and further invest in its innovative network processor-based switching solutions and applications. The funding will also strengthen the company’s capacity to support a growing roster of clients representing some of the world’s most innovative brands and organizations.
“Thanks to its founders’ dedication and persistence, and innovations resulting from research at UQAM, Montréal-based NoviFlow has become a world leader in information technology. With these new investments, NoviFlow will be able to continue growing and creating jobs in Québec’s IT sector,” said Alain Denis, Senior Vice-President, New Economy, at the Fonds de solidarité FTQ.