After spinning off the IBM-acquisition NS1, open source startup NetBox Labs raised $20M

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NetBox Labs, a new open source startup from VC-backed network automation company NS1 in January, announced today that it has raised $20 million in Series A funding from high-profile investors.

NS1, for the uninitiated, is a 10-year-old domain name system (DNS) and network automation platform used by the likes of Salesforce, VMware, LinkedIn and Dropbox to ensure uptime for all their online services. A few years ago, NS1 started a new internal division called NS1 Labs and hired Jeremy Strait as a “distinguished engineer”. Zerga The stretch built around 2016 was the creator and chief project maintainer for Netbox when it was on Digital Ocean.

NetBox and cooler

NetBox essentially models and documents networks, IP address management (IPAM) and datacenter infrastructure management (DCIM) together to serve as a “single source of truth” for network automation – giving enterprises a deep understanding of where and how all their infrastructure is. Connected, how to grow and a little more.

NetBox Dashboard

NetBox Dashboard. Image Credits: NetBox

While NetBox is freely available to anyone under the open source Apache 2.0 license, NS1 has offered a managed cloud service for the better part of two years. That NetBox Labs will run alone as an independent entity.

Moreover, in late February news broke that IBM was to acquire NS1, with most of NS1’s employees joining IBM. Exceptions, however, include NS1 founder and CEO Kris Bevers and Jeremy Stretch, who are now part of the new commercial netbox based out of New York, along with several NS1 executives and employees.

With a new $20 million in the bank, the company says it plans to use the money to build both a core open source netbox project and a commercial netbox cloud service.

NetBox Labs’ Series A round was led by Flybridge Capital, with participation from IBM itself, Salesforce Ventures, GGV Capital, Mango Capital, Two Sigma Ventures, The Founder Collective, EntrĂ©e Capital and Grafana Labs CEO Raj Dutt.

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