$21.5 million

Series C funding raised by software-centric networking startup 128 Technology, which plans to revolutionize the networking industry through channel partners. The Burlington, Mass.-based firm has raised $57 million altogether. The company said it will use the new funding to grow its global presence and accelerate expansion through channel partners. CEO and co-founder Andy Ory said some of the funding will be spent on hiring new channel-focused positions inside the company we well as adding resources to its partner-facing marketing organization.