California-based telecom equipment provider Lightbits Labs has secured $50 million in a funding round.

The round was led by strategic partners, U.S. data communications company Dell EMC, Cisco, Micron, SquarePeg Capital and Walden International, among others.

Lightbits plans to use the proceeds to expand its workforce of about 50 people and to fuel the launch of its software-defined, disaggregated cloud platform for private cloud and software-as-a-service providers.

The company has so far raised over $300 million in its 17-year history.