AVentures Capital has acquired a minority equity stake in nuPSYS, the world’s leading visual network software developer. AVentures Capital and nuPSYS, Inc, didn’t disclose the financial details of the Series A deal to the public. AVentures was the lead investor in the round, whereas nuPSYS is in talks with international investors to increase the size of the round up to $5-6 million.
nuPSYS develops innovative software that simplifies the process of network management and automation for large corporate networks consisting of thousands or tens of thousand units or devices. Among other solutions, nuPSYS enables for network management, design, monitoring, analytics, troubleshooting, and optimizations. nuPSYS is credited for developing the first of a kind approach to visualizing corporate networks through the use of video hardware rendering technology. The company has applied for a patent.
Founded by one of the world’s most skilled engineers, Dmitry Bokotey (Cisco Distinguished Engineer with x5 CCIE certification), the Company has already completed R&D for its flag product and generated $1 million revenue during product pilot tests. Currently, nuPSYS is preparing to launch its products on a global scale at CiscoLive on June 23-27, 2013.
Dmitry Bokotey is a Ukraine-born entrepreneur, who moved with his family from his native Ukraine to the U.S. in the mid-1980’s. He excelled in a corporate career at Cisco Systems for a period of 15 years. Dmitry left Cisco in 2010 to lead what was to become one of the world’s most advanced software for network management and automation companies. R&D is still based in Russia and Ukraine, whereas the Company serves Fortune 500 customers, including large enterprises across the globe.
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