Overview

Extreme Networks specializes in advanced networking solutions that optimize and secure network operations for a variety of clients, including educational institutions, retail businesses, government agencies, and healthcare facilities. Their products include network infrastructure such as switching and routing solutions, wireless connectivity, and data center fabrics, along with cloud-based services and advanced security measures. The company operates on a business model that combines hardware and software sales with professional and managed services, generating revenue through product sales, subscription services, and support contracts. Unique to Extreme Networks is their focus on ITIL standards for managed services, ensuring efficient network operations. Their goal is to provide comprehensive networking solutions that enhance security and customer support across diverse industries.

Simplify's Take

What believers are saying

• AI-based enterprise platform aligns with the trend of AI integration in IT solutions.
• Partnership with United Soccer League showcases capabilities in high-demand environments.
• Zero Trust Network Access solutions meet demand for secure, flexible network access.

What critics are saying

• Increased competition from companies like Verkada threatens market share in security solutions.
• Rapid AI platform development by competitors like Nokia may outpace Extreme Networks.
• Complexity of AI integration may slow adoption of Extreme Platform ONE.

What makes Extreme Networks unique

• Extreme Networks offers AI-powered network management for enhanced operational efficiency.
• The company is the Official Wi-Fi Solutions Supplier for the United Soccer League.
• Integration with Verkada expands Extreme Networks' reach into the physical security market.

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Funding

Total Funding

$16.8M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:

Kleiner Perkins

Notable Investors:

Kleiner Perkins

$12,300,000

Series B

May 1997

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$12.3M

$30M

$45M

$65M

$100M

View all funding stages