Gluware in the News

Intent-based networking startup Gluware secures $43M to automate repetitive tasks

By October 27, 2021No Comments
Intent-based networking startup Gluware secures $43M to automate repetitive tasks - VentureBeat VB Logo

by Kyle Wiggers, writer at VentureBeat

Gluware, a company developing network automation tools for cloud environments, today announced that it raised $43 million in funding led by Bain Capital with participation from Acadia Woods Partners and existing investors. The mix of debt and equity — which values the company “well into the nine figures,” according to a source — will go toward scaling the company’s sales and marketing teams and product R&D, according to CEO Jeff Gray.

It’s estimated that networking practitioners spend up to 55% of their time and resources on repetitive equipment management tasks. According to Cisco, around 95% of network-related tasks are performed manually, causing operational costs of around 2 to 3 times more than the cost of the network. That’s why an increasing number of companies are turning to automation, which promises to free up IT teams while potentially reducing expenses. A 2019 survey found that nearly two-thirds of companies plan to deploy systems that will help them analyze network issues using automation and AI.

“The network … market is complex and fragmented, with legacy tools that cater to highly bespoke static configurations, small-scale single-vendor solutions, or do-it-yourself coding approaches that require significant resources. These approaches break under the scale, scope, and complexity of modern enterprise networks,” Gray told VentureBeat via email.

Read the full story on VentureBeat.