NetBox Labs raised $35 million amid an AI-driven infrastructure boom. See the pitch deck it used to land its Series B funding.

Kris BeeversNetBox LabsInfrastructure management startup NetBox Labs has raised $35 million, led by NGP Capital.Cofounder and CEO Kris Beevers said AI is fueling fresh demand for its services.NetBox Labs is the for-profit steward of the open-source NetBox platform.NetBox Labs, an infrastructure management startup, raised $35 million in Series B funding in July, led by NGP Capital. It shared its pitch deck with Business Insider.New York City-based NetBox Labs was cofounded in 2023 by CEO Kris Beevers as the for-profit steward of 10-year-old NetBox, an open-source network and infrastructure platform used by tens of thousands of companies globally.NetBox Labs offers five products built on top of the open-source software with advanced features to make it easier to run, Beevers said, including additional security and support, automation tools, and an AI assistant.It makes money by charging subscriptions based on the tools used and the size of a client's infrastructure.Sorenson Capital and Headline participated in the round, as did existing investors Flybridge Capital, Notable Capital, Mango Capital, Salesforce Ventures, Two Sigma Ventures, and IBM. The company had previously raised $20 million in Series A funding.AI is fueling demand for infrastructure services, and NetBox Labs' revenue is in the single-digit millions, Beevers said. It reinvests a "big chunk" back into the open-source tool.The company has roughly 200 customers, including AI data center giant CoreWeave, for whom it helps manage data center configurations and design future facilities.It also works with non-AI-focused companies, whose infrastructure has become more complex and dynamic amid ongoing digitization in recent years, Beevers said.This includes departments of transportation across the country — managing toll booths, speed cameras, and more— as well as ARM, Cisco, Constant Contact, J.P. Morgan, Kaiser Permanente, and Riot Games.The investment will be used to hire across engineering and sales. Beevers said the company will surpass 100 employees this year.Beevers previously served as the cofounder and CEO of NS1, which spun out NetBox Labs after selling the other part of its business to IBM in 2023. Jeremy Stretch, the creator of NetBox, also serves as a cofounder at NetBox Labs.Here's a look at the pitch deck the startup used to raise its $35 million Series B. Certain slides have been edited and removed so that the deck can be shared publicly.NetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsNetBox LabsRead the original article on Business Insider

Comments

Business News

Homeowner property repossessions in 47% annual jump but mortgage arrears falling

Evening Standard

Researchers built a social network made of AI bots. They quickly formed cliques, amplified extremes, and let a tiny elite dominate.

about 6 hours ago

Drake Baldwin Takes Charge Of National League’s Rookie Race

Forbes

Comments

Business News

Homeowner property repossessions in 47% annual jump but mortgage arrears falling

Boohoo founder should be investigated over debt collection, says Mike Ashley

National Financial Awareness Day: Expert tips to take control of your money

Homeowner property repossessions in 47% annual jump but mortgage arrears falling

Is The Nick Woltemade To Bayern Munich Transfer Truly Dead?

When Violence Based On Religion Or Belief Amounts To International Crimes

Washington Freedom Hope To Have Home Cricket Ground By 2026

Tottenham ‘Can Play Against Any Team’, Says Frank After Super Cup

People Will Lose Their Minds When AI Such As Artificial General Intelligence Suffers Blackouts

Gatwick ‘optimistic’ minister will approve expansion plan

British Gas owner takes stake in Europe’s biggest LNG terminal in £1.5bn deal

Asian shares are mixed after days of gains driven by hopes for US rate cuts

New York sues Zelle, says security lapses led to $1 billion consumer fraud losses

Kellogg’s becomes first company to sign legally binding agreement removing toxic dyes from cereals

Powerball Jackpot Rises To $565 Million—Here’s What The Winner Could Take Home After Taxes

Major League Scouting Report On Toronto Blue Jays’ Trey Yesavage

Hidden Door Turns Fan Worlds Into Licensed, Revenue-Sharing Story Platforms

UK growth slows as economy feels effect of higher business costs

Outrage as bingo players 'win' share of &#163;1.6m - then Gala takes it back

Zara McDermott created ‘the best leggings of all time’ and they’re only £30

Pink Oyster card reader rule could save you money while travelling around London

Small firms turn to virtual employees to combat National Insurance

I paid next door's British Gas bill thanks to smart meter mistake: CRANE ON THE CASE

Thieves are targeting luxury Mercedes 4x4s to steal vulnerable part

How Reeves's inheritance tax changes will affect families

The eight popular EVs that never reach peak charging speeds... and the two that do

Number of unroadworthy cars on our roads has soared in the last year

Nick Train interview: These world-class UK companies are primed for profit and going cheap

Ethical hacker exposes how criminals access YOUR data with just an email address

7 takeaways from Taylor Swift's appearance on the 'New Heights' podcast

The godfather of AI has a tip for surviving the age of AI: Train it to act like your mom

Why every A-lister also has a side hustle

FTSE 100 Live 14 August: GDP growth above forecast, index seen higher after record close

What are student loans and when do you start repaying them after university?

AI Legal Developments Affecting Hollywood In 2025

Cyber Attacks Could Stifle Online Demand From The Under-35s

UFC 319 Fight Card: Date, Time, Location, How To Watch Or Stream

DVSA warns drivers to act immediately over MOT 'mistake'

DWP payment for people with reading issues could be worth £749

UK's cheapest theme parks ranked - one is free to enter this school holiday

Woman picks up £3.09 Too Good To Go bag from Spar and is blown away by contents

Found a yellow ticket on your car? Beware, it could be a new cruel parking scam...

Investing for beginners: The best platforms to get started as an investor

The cofounder of xAI is leaving the company. He says he's learned 2 main things from Elon Musk.

Taylor Swift says she was in a 'state of perpetual physical discomfort' while performing on the Eras Tour

Elon Musk says Google has the best shot at being the leader in AI

Researchers built a social network made of AI bots. They quickly formed cliques, amplified extremes, and let a tiny elite dominate.

Drake Baldwin Takes Charge Of National League’s Rookie Race

Potential Big Bash League Privatization Sparks Major Interest In The U.S.

B&M shoppers 'run' to stores for viral £35 'gorgeous' mirror

Yoga app for over 35s that helps with 'weight loss and heart health' is 61% off

'I saved £57k by age 26 - one simple system changed everything for me'

The Kremlin's recruiters are crushing their targets and might get their 2025 goals bumped up, Ukraine spy chief says

There are 25 artists who have been featured on a Taylor Swift song &mdash; here they all are

Projections: ‘Nobody 2’ Has No Chance Against ‘Weapons’ At Box Office

Taylor Swift And Travis Kelce On How They Deal With Internet Hate

Everything To Know About ‘The Life Of A Showgirl’—Release Date, Tracklist And More

Yadhira Carrillo’s TV Return In ‘Los Hilos Del Pasado,’ Premieres On Univision

Taylor Swift has been saving up to buy her music masters since she was a teenager

David Ellison's plan to rebuild Paramount: 'Top Gun 3' and more 'Star Trek'

Outrage as bingo players 'win' share of £1.6m - then Gala takes it back

There are 25 artists who have been featured on a Taylor Swift song — here they all are