Affirmed Networks Overview

  • Year Founded
  • 2010

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 559

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $1.35B

Affirmed Networks General Information

Description

Provider of cloud-native network services intended to reduce the complexity of cloud-native networks. The company offers network slicing, integrated virtual probes, optimized IOT access, and virtualized dots per inch, enabling communication service providers to scale their networks to keep up with the insatiable demands for mobile services, while dramatically reducing the CapEx and OpEx associated with building and maintaining these complex infrastructures.

Contact Information

Website
www.affirmednetworks.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 35 Nagog Park
  • Acton, MA 01720
  • United States
+1 (978)
Primary Industry
Other Communications and Networking
Other Industries
Systems and Information Management
Telecommunications Service Providers
Parent Company
Microsoft
Vertical(s)
Internet of Things
Corporate Office
  • 35 Nagog Park
  • Acton, MA 01720
  • United States
+1 (978)

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Affirmed Networks Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
11. Merger/Acquisition 22-Apr-2020 $1.35B Completed Generating Revenue
10. Later Stage VC (Series E1) 27-Feb-2020 Cancelled Generating Revenue
9. Later Stage VC (Series E) 15-Feb-2019 Completed Generating Revenue
8. Later Stage VC (Series D1) 23-Feb-2018 Completed Generating Revenue
7. Secondary Transaction - Private 23-Feb-2017 Completed Generating Revenue
6. Later Stage VC (Series D) 06-May-2014 Completed Generating Revenue
5. Later Stage VC (Series C) 22-May-2013 Completed Generating Revenue
4. Early Stage VC (Series B) 23-Sep-2011 Completed Generating Revenue
3. Early Stage VC (Series A2) 11-Aug-2011 $1.4M $14M Completed Generating Revenue
2. Early Stage VC (Series A1) 30-Dec-2010 $1.7M $12.6M Completed Generating Revenue
To view Affirmed Networks’s complete valuation and funding history, request access »

Affirmed Networks Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E-1
Series E
Series D-1
Series D
Series C
Series B
Series A2
Series A1 2,302,166 $0.001000 $1.39 $1.39 1x $0.56 4.07%
Series A 11,585,000 $0.001000 $1 $1 1x $0.4 20.49%
To view Affirmed Networks’s complete cap table history, request access »

Affirmed Networks Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of cloud-native network services intended to reduce the complexity of cloud-native networks. The company offers
Other Communications and Networking
Acton, MA
559 As of 2020

Santa Clara, CA
 

Andover, MA
 
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Affirmed Networks Competitors (35)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Pluribus Networks Formerly VC-backed Santa Clara, CA
Casa Systems Formerly VC-backed Andover, MA
Ericsson Corporation Stockholm, Sweden
Spectrum Formerly VC-backed Almaty, Kazakhstan
Aryaka Networks Venture Capital-Backed Santa Clara, CA
You’re viewing 5 of 35 competitors. Get the full list »

Affirmed Networks Patents

  • 41

    Total Documents Applications and Grants

  • Total Patents Families

  • 18

    Granted

  • 1

    Pending

  • Expiring in next 12 mo

Affirmed Networks Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20200374740-A1 Systems and methods for distribution of application logic in digital networks Active 22-May-2019
US-20200351626-A1 Systems and methods for distributed charging in digital telecommunications networks Active 03-May-2019
US-20200259712-A1 Model-driven service rollback mechanism for data integrity Active 08-Feb-2019
US-20170293500-A1 Method for optimal vm selection for multi data center virtual network function deployment Inactive 06-Apr-2016
EP-3292707-A1 Methods and systems for call detail record generation for billing systems Inactive 07-May-2015 H04M15/41
To view Affirmed Networks’s complete patent history, request access »

Affirmed Networks Executive Team (28)

Name Title Board Seat
Hassan Ahmed Ph.D Co-Founder & Chief Executive Officer
Sanjay Mewada Chief Strategy & Marketing Officer
Ron Parker Senior Director System Architecture
George Hale Vice President of Finance & Administration
You’re viewing 4 of 28 executive team members. Get the full list »

Affirmed Networks Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Affirmed Networks Former Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
Bessemer Venture Partners Venture Capital Minority
CRV Venture Capital Minority
Centerview Capital Technology Growth/Expansion Minority
ESO Fund Venture Capital Minority
Eastward Capital Partners Venture Capital Minority
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Affirmed Networks FAQs

  • When was Affirmed Networks founded?

    Affirmed Networks was founded in 2010.

  • Who is the founder of Affirmed Networks?

    Anand Krishnamurthy Ph.D, Hassan Ahmed Ph.D, Timothy Mortsolf, Stephan Noll, Mohammed Shanableh, and Christopher Burke are the founders of Affirmed Networks.

  • Who is the CEO of Affirmed Networks?

    Hassan Ahmed Ph.D is the CEO of Affirmed Networks.

  • Where is Affirmed Networks headquartered?

    Affirmed Networks is headquartered in Acton, MA.

  • What is the size of Affirmed Networks?

    Affirmed Networks has 559 total employees.

  • What industry is Affirmed Networks in?

    Affirmed Networks’s primary industry is Other Communications and Networking.

  • Is Affirmed Networks a private or public company?

    Affirmed Networks is a Private company.

  • What is the current valuation of Affirmed Networks?

    The current valuation of Affirmed Networks is .

  • What is Affirmed Networks’s current revenue?

    The current revenue for Affirmed Networks is .

  • How much funding has Affirmed Networks raised over time?

    Affirmed Networks has raised $239M.

  • Who are Affirmed Networks’s investors?

    Bessemer Venture Partners, CRV, Centerview Capital Technology, ESO Fund, and Eastward Capital Partners are 5 of 12 investors who have invested in Affirmed Networks.

  • Who are Affirmed Networks’s competitors?

    Pluribus Networks, Casa Systems, Ericsson, Spectrum, and Aryaka Networks are some of the 35 competitors of Affirmed Networks.

  • When was Affirmed Networks acquired?

    Affirmed Networks was acquired on 22-Apr-2020.

  • Who acquired Affirmed Networks?

    Affirmed Networks was acquired by Microsoft.

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