Gluware is a Bain Capital Portfolio Company

Sacramento-based Gluware raises $43 million in growth funding

Sacramento Business Journal

By Jake Abbott, Sacramento Business Journal Staff Writer

Sacramento-based Gluware Inc. recently raised $43 million in funding that is expected to accelerate the company’s growth and advance intelligent network automation for the cloud era.

Gluware’s software platform analyzes an enterprise’s network to expose security violations, outage limitations and misconfigurations in an effort to improve the network’s performance and security at cloud scale. Gluware’s solutions work to reduce businesses’ risk of unplanned network outages and provide visibility and intelligence from network data.

Gluware co-founder and CEO Jeff Gray said enterprise network teams are challenged by evolving cybercrime, software vulnerabilities and human error, which makes it difficult to keep up with the cloud’s speed of innovation without the support of intelligent network automation. Gluware was created to help address that.

Gray said the latest funding will help the company grow and bring networking innovations to more of the market.

“The growth funding will be used to scale our sales and marketing functions, and we also have a number of applications in development, so we will be using the funding to accelerate those apps that we are working to bring to market,” he told the Business Journal.

Read the full story in the Sacramento Business Journal.