Wednesday, June 8, 2016

Midokura Secures $20 Million for Network Abstraction

Midokura announced $20.4 million in Series B funding for its software network virtualization solutions.

Midokura Enterprise MidoNet (MEM)  technology offers an intelligent, software-based network abstraction layer between the hosts and the physical network, thereby decoupling the IaaS cloud from the network hardware.

The Series B funding participation came from Japanese Fintech company Simplex Inc., and existing investors Innovation Network Corporation of Japan (INCJ) and Allen Miner, a member of Midokura’s board of directors. The new funding brings Midokura’s total investment to over $44 million to date.

“Midokura aims to fundamentally transform and automate networking for any public, private or hybrid cloud and container deployment. We are delighted to have the support of our investors in our $20 million Series B funding round, and are poised to build upon our success,” said Dan Dumitriu, co-founder and CEO of Midokura. “We look forward to further developing our globally adopted MEM network virtualization technology to support the world’s appetite for microservices and IoT connected devices, as well as growing our team, strategic business partnerships and valuable channel alliances.”

http://www.midonet.org

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