Packetfabric secures USD 25 mln in series B funding from Nantcapital, updates management team

PacketFabric raised USD 25 million in Series B funding from PacketFabric’s lead investor NantCapital to support the rapid growth and high demand for its services since its launch in 2017. The company said it grew rapidly since completing its seed round in 2015, and now operates a U.S. footprint that includes more than 150 points of presence (PoPs) in 17 metro markets with a terabit-scale backbone.

The company also announced that Chad Milam joined PacketFabric as president and chief operating officer, and a member of the board of directors. Chad has held the position of CTO at NantWorks and Mox Networks. Prior to NantWorks, Chad lead the Technical Infrastructure and Systems team at Teza Technologies, and the Global Infrastructure organization at Publicis Group.