Showing posts with label Silicon Valley. Show all posts
Showing posts with label Silicon Valley. Show all posts

Friday, July 14, 2017

Vitalpointz Targets the Edge

We have seen the tremendous potential for innovation, cost saving, and flexibility being unleashed by the public clouds.  The hyperscale data centers of the top three public cloud providers are marvels to behold. Private cloud data centers and hybrid cloud architectures are also on the rise as Fortune 500 companies shift their IT spending to take advantage of this trend.

We are also now witnessing the long-predicted rise in the Internet of Things.  IDC’s recent Worldwide Semiannual Internet of Things Spending Guide predicts spending on IoT will reach $800 billion this year, up 16.7% year over year, and rising to nearly $1.4 trillion in 2021.  IDC breaks down 2017 investments in IoT as follows: manufacturing operations ($105 billion), freight monitoring ($50 billion), and production asset management ($45 billion), smart grid technologies for electricity, gas and water and smart building technologies ($56 billion and $40 billion, respectively). Looking to 2021, IDC expects these use cases will remain the largest areas of IoT spending. The use cases that will see the fastest spending growth are airport facilities automation (33.4% CAGR), electric vehicle charging (21.1% CAGR), and in-store contextual marketing (20.2% CAGR).


The Need for Edge Computing

At the intersection of these two trends is a new opportunity that is just beginning to catch the interest of Silicon Valley – edge computing, sometimes also called fog computing. The primary idea here is that Industrial Internet of Things (IIoT) applications will benefit from both cloud infrastructure and local compute/storage resources. Centralized controllers in the cloud could be used for provisioning, performance monitoring, billing, and big data analytics. Real-time control of the application and its associated physical devices would be retained by an “edge” processing/storage unit.

This will drive the development of small server farms, or “cloudlets”, located in-building, on-campus, or in a metro area data center.  Google recently disclosed plans for more data centers in city centers rather than solely hyperscale campuses in remote locations. AWS is promoting its “Greengrass” project, software for running local compute, messaging, data caching, and sync capabilities for connected device. Greengrass runs locally and the AWS cloud provides management, analytics, and durable storage.

The communication service providers have their own variation for this general concept - Central Office Re-architected as a Data Center (CORD).  Under the Linux Foundation, CORD is now an independent open source project aimed at leveraging the elasticity of commodity clouds and merchant silicon for a new generation of smaller and more efficient central offices. Backers include Google, Radisys, Samsung Electronics, AT&T, China Unicom, Google, NTT Communications, SK Telecom, and Verizon, vendors Ciena, Cisco, Fujitsu, Intel, NEC, Nokia, etc.

The Vitalpointz Application Forking Engine

Vitalpointz (vitalpointz.net) is a Silicon Valley-based start-up with R&D operations in Bangalore, that has just announced its entrance into this market. The company is led by veteran successful entrepreneur Ravi Medikonda, who previously headed Vistapointe, a start-up that specialized in cloud-based and real-time network monitoring solutions for mobile operators. Vistapointe developed data extraction, analysis and insight generation technologies that enabled mobile operators to gain visibility into their mobile networks. The solution leveraged Network Functions Virtualization (NFV) architecture, enabling it to run in a telco cloud.  Brocade acquired Vistapointe in 2014. The Vistapointe team went on to become Brocade’s Network Visibility and Analytics business unit, establishing accounts with major North American and Japanese mobile operators.  With Broadcom’s $5.9 billion acquisition of Brocade and subsequent divestitures of many business units, the time seemed right to pursue the new edge opportunity.

“We see a distinct opportunity for a better edge computing paradigm,” says Vitalpointz’ Ravi Medikonda. “Application developers really should not have to know specifically what hardware resources are available locally versus in the cloud.  Our forking engine will automatically direct traffic to where it can be best processed. In many cases, that might be a nearby CORD or on-prem server, but it might be the public or private cloud.”

Applications are driven by multiple functional modules, also known as micro-services, which can exist in different locations (VMs, container, across racks, across data centers, etc.). We also know that application deployment has changed to a SAAS multi-tenant model.  The same deployment of "Office 365" can serve multiple companies and customers.  So, the ability to specifically manage an application by host or an IP-address is not possible.

The patent pending Vitalpointz Application Fork Engine (VAFE) technology will enable applications to run “as is” across the cloud and cloudlet without any configuration change. The company says its VAFE technology will benefit several use cases that require quick responsiveness, low latency and near real-time operation. VAFE can be embedded in x.86 platforms, VMs, processor boards in Layer-2 DC switches or IIOT gateways.

Examples could include context-aware services and location-aware services, asset tracking, video surveillance, connected cars, augmented and virtual reality, etc.  Think of a hotel that is installing NFC-enabled door locks on its customer rooms.  When a new reservation is booked online, a room suite is automatically assigned and a unique room access code is generated and emailed to the guest. This part of the booking is handled by the hotel management application in the cloud. When the guest arrives at the hotel on the day of the booking, he or she may proceed directly to the reserved room, which opens when their NFC-enabled phone is touched to the door lock. The authenticated door opening transaction is processed locally rather than in the cloud data center which could be thousands of miles away.


The Vitalpointz founding team has played the Silicon Valley & Bangalore start-up game before with a successful outcome. A promising market opportunity has been identified and key intellectual property is under development. As is often the case, it is the focused engineering teams who have worked together in the past that gain a first-to-market advantage over the large vendors.

Thursday, July 13, 2017

FogHorn Targets Edge Intelligence Software at IIoT

FogHorn Systems, a start-up based in Mountain View, California, released its Lightning ML edge intelligence software for the Industrial Internet of Things (IIoT).

The company said its Lightning ML brings the power of machine learning at the edge in three ways:
  • Leverages existing models and algorithms: can execute proprietary algorithms and machine learning models on live data streams produced physical assets and industrial control systems
  • Makes machine learning OT-accessible: offer tools to generate machine learning insights 
  • Runs in tiny software footprint: Lightning ML platform requires less than 256MB of memory footprint.

Lightning ML supports all x86-based IIoT gateways and OT systems as well as ARM32 OT control systems (like PLCs and DCSs). It also supports the newest generation of small footprint Raspberry Pi derivative IIoT gateways. The FogHorn Lightning ML software platform can run entirely on premise or connect to any private cloud or public cloud environment.

"In the initial launch of FogHorn’s Lightning platform, we successfully miniaturized the massive computing capabilities previously available only in the cloud. This allows customers to run powerful big data analytics directly on operations technology (OT) and IIoT devices right at the edge through our complex event processing (CEP) analytics engine. With the introduction of Lightning ML, we now offer customers the game changing combination of real-time streaming analytics and advanced machine learning capabilities powered by our high-performance CEP engine,” said said FogHorn CEO David C. King.

http://www.foghorn.io


  • In May 2017, FogHorn Systems announced today that it had raised additional Series A funding from Dell Technologies Capital and Saudi Aramco Energy Ventures (SAEV). The extended funding brings FogHorn’s total Series A round to $15 million, excluding the conversion of $2.5 million in seed funding. Dell Technologies Capital added to its initial Series A investment. Saudi Aramco Energy Ventures is a new investor in the company.

Wednesday, May 24, 2017

Fastly, provider of edge cloud solutions, raises $50m in Series E funding

Fastly based in San Francisco, the edge cloud platform:

a.         Founded in 2011 by Artur Bergman, current CEO of Fastly.

b.         Developer of an edge cloud platform designed to enable secure and scalable delivery of digital services.

c.         Which has raised total funding of approximately $129 million in four rounds from investors including Iconiq Capital, Amplify Partners, August Capital, O'Reilly AlphaTech Ventures OATV, Battery Ventures and IDG Ventures.

Announced it has raised $50 million in new funding in a Series E round led by Sorenson Capital, with participation from additional new investor Sapphire Ventures and existing investors Iconiq Capital, Amplify Partners, August Capital, O'Reilly AlphaTech Ventures OATV and IDG Ventures. The company stated that including this latest round it has raised a total of approximately $180 million to date.

Fastly stated that since the introduction of its edge cloud platform, the company has achieved more than 100% annualised revenue growth over the last two quarters and is approaching breakeven based on an annualised run rate of $100 million. Fastly cited customers including online destinations such as The New York Times, Airbnb, Spotify, Pinterest and Ticketmaster.

Fastly's edge cloud platform provides a suite of application delivery, video and streaming, and cloud security solutions, including the recently-announced Image Optimizer, Load Balancer and Web Application Firewall (WAF), which were launched in April this year.


In October 2016, Fastly introduced its Managed CDN solution, designed to provide businesses with custom CDN solutions that meet individual customer requirements. The Managed CDN offering combines a customer’s existing network infrastructure with Fastly's content delivery platform.


Thursday, May 11, 2017

Cisco to Acquire MindMeld for AI Expertise

Cisco agreed to acquire MindMeld, a start-up based in San Franciso that is developing a conversational platform based on natural language understanding (NLU). The deal was valued at $125 million in cash and assumed equity awards. The acquisition is expected to close in Cisco's fourth quarter of fiscal year 2017.

The MindMeld platform can be used for building intelligent conversational interfaces for companies to interact with their customers across almost any device or application. MindMeld is able to ingest customer data and create a highly accurate and customized natural language model, tailored to each company’s industry and requirements. MindMeld also delivers a dialog manager that enables a computer to respond to user requests through chat and voice applications in a human-like fashion.

MindMeld was founded in 2011 by Tim Tuttle, a former AI researcher from MIT and Bell Labs,

http://www.mindmeld.com

Versa Networks expands its SD-WAN Offering

Versa Networks announced a significant expansion of its software-defined networking (SDN) capabilities from SD-WAN to software-defined branch (SD-Branch).

The Versa Cloud IP Platform now enables large enterprises and service providers to virtualise and software-define the branch and WAN to help reduce complexity and increase IT agility.

Versa has enhanced the capabilities of the Versa Cloud IP Platform to enable customers to software-define a range of IP services across the branch office and WAN, including:

1.         The ability to host third-party virtual network functions (VNFs), allowing migration to SD-WAN while simplifying lifecycle management and maintaining existing functions at the branch.

2.         Integrated WiFi and Ethernet switching software support to help simplify infrastructure and management.

3.         Embedded LTE for streamlined and more resilient deployments.

4.         Multi-vector malware security.

For enterprise applications, Versa Cloud IP Platform combines network and security capabilities to provide a suite of Layer 3 to 7 IP services that are based on a cloud-native, multi-tenant software platform. The ability to host third-party VNFs with service chaining facilitates deployment where enterprises wish to maintain functionality provided by other vendors.

In addition, managed service providers can employ the Versa Cloud platform to offer a portfolio of managed services that combine MPLS, broadband Internet and mobile (3G/4G) network services with a Software-Defined Branch (SD-Branch), SD-WAN, Software-Defined Security (SD-Security) or Software-Defined Router (SD-Router).

Tuesday, May 9, 2017

Flex Logix, developer of embedded FPGA technology, raises $5m

Flex Logix Technologies, headquartered in Mountain View, California, a supplier of embedded FPGA IP and software:

a.         Founded in March 2014 to develop solutions for reconfigurable RTL in chip and system designs employing embedded FPGA IP cores and software.

b.         Offering the EFLX technology platform designed to significantly reduce design and manufacturing risks, accelerate technology development and provide greater flexibility for customers' hardware.

c.         Which in October 2015 announced it had raised $7.4 million in a financing round was led by dedicated hardware fund Eclipse Ventures (formerly the Formation 8 hardware fund), with participation from founding investors Lux Capital and the Tate Family Trust.

Announced it has secured $5 million in Series B equity financing in a round led by existing investors Lux Capital and Eclipse Ventures, with participation from the Tate Family Trust.

Flex Logix stated that new funding will be used to expand its sales, applications and engineering teams to meet the growing customer demand for its embedded FPGA platform in applications including networking, government, data centres and deep learning.

Targeting chips in multiple markets, the Flex Logix EFLX platform can be used with networking chips with reconfigurable protocols, data centre chips with reconfigurable accelerators, deep learning chips with real-time upgradeable algorithms, base stations chips with customisable features and MCU/IoT chips with flexible I/O and accelerators. The company noted that EFLX is currently available for popular process nodes and is being ported to further process nodes based on customer demand.

The Flex Logix technology offers high-density blocks of programmable RTL in any size together with the key features customers require. The solution allows designers to customise a single chip to address multiple markets and/or upgrade the chip while in the system to meet to changing standards such as networking protocols. It also allows customers to update chips with new deep learning algorithms and implement their own versions of protocols in data centres.

Regarding the new funding, Peter Hebert, managing partner at Lux Capital, said, "I believe that Flex Logix's embedded FPGA has the potential to be as pervasive as ARM's embedded processors… the company's software and silicon are proven and in use at multiple customers, paving the way to become one of the most widely-used chip building blocks across many markets and for a range of applications".

While Pierre Lamond, partner at Eclipse Ventures, commented, "The Flex Logix platform is the… most scalable and flexible embedded FPGA solution on the market, delivering competitive advantages in time to market, engineering efficiency, minimum metal layers and high density… the patented technology combined with an experienced management team led by Geoff Tate, founding CEO of Rambus, position the company for rapid growth".


Monday, May 1, 2017

Rubrik Raises $180M for Cloud Data Management

Rubrik, a start-up based in Palo Alto, California, closed $180 million in Series D funding for its cloud data management solutions.

Rubrik's platform delivers automated cloud data backup, instant recovery, offsite replication and data archival capability. One Intel-powered appliance manages all data in the cloud, at the edge, or on-prem for backup, DR, archival, compliance, analytics, and copy data management. The company said it is on an annual run rate approaching $100 million.

The latest investment round was led by IVP with strong participation from Lightspeed Venture Partners and Greylock Partners, bringing total equity raised to $292 million.

https://www.rubrik.com/


Saturday, April 29, 2017

Cloudera Pops 20% on First Day of Trading

Shares in Cloudera (NYSE: CLDR) rose over 20% on their first day of trading to close at $18.09 and giving it a market cap of about $2.3 billion. The IPO price was $15.

Cloudera, which was founded in 2008 and is based in Palo Alto, California, specializes in enterprise analytic data solutions powered by Apache Hadoop. Cloudera's overall revenue was about $261 million last year, up significantly from the year before. The company has approximately 1,600 employees.

http://www.cloudera.com

Cloudera's Latest Funding Round Brings Up $900 Million

Cloudera confirmed that its latest funding round, which included a strategic investment from Intel, amounts to $900 million.  This financing round includes the previously-announced $160 million of funding from T. Rowe Price and three other top-tier public market investors, Google Ventures, and an affiliate of MSD Capital, L.P., the private investment arm of Michael Dell and his family, and a significant equity investment by Intel that gives them an 18% share of Cloudera.

“The market opportunity for companies to gain insight and build transformative applications based on Hadoop is tremendous,” said Tom Reilly, CEO of Cloudera. “Clearly, demand is accelerating and the market is poised for growth – for all of the players in this space, and we believe Cloudera will be the company to lead this global shift in extracting value from data. This position of strength and leadership is evidenced by the strong support of public market investors, large institutional investors and now key strategic investors including Intel, who’ve made sizable and significant contributions to cement our platform offering.”

Friday, April 28, 2017

Thales to Acquire Guavus for Data Analytics

Thales agreed to acquire Guavus, which specializes in big data analytics, for US$215 million.

Guavus said it currently analyzes more than 5 petabytes of data every day on behalf of its customers, which include telecom and cable operators.  The company supports more than 20 major operators around the world, including the 5 largest North-American mobile operators (AT&T, Rogers, Sprint, T-Mobile and Verizon), 4 out of the top 5 Internet backbone carriers, and 7 out of the top 8 cable operators. Guavus is based in San Mateo, California and has about 250 employees, including 140 in Gurgaon (India).

Patrice Caine, Thales’s Chairman and CEO, commented: “Combined with our established expertise in other key digital technologies, the acquisition of Guavus represents a tremendous accelerator of our digital strategy for the benefit of our customers. The application to Thales’s core businesses of Guavus's technologies and expertise in big data analytics will strengthen our ability to support the digital transformation of our customers, whether in aeronautics, space, rail signaling, defense or security.”

https://www.thalesgroup.com/en/worldwide/group/press-release/thales-acquires-guavus-one-pioneers-real-time-big-data-analytics
http://www.guavus.com

Wednesday, March 29, 2017

Intel Appoints Aicha Evans as Chief Strategy Officer

Intel appointed Aicha S. Evans as chief strategy officer, responsible for long-term strategy to transform from a PC-centric company to a data-centric company, as well as leading rapid decision making and company-wide execution of the strategy.

Evans is an Intel senior vice president and has been responsible for wireless communications for the past nine years. Most recently, she was the general manager of the Communication and Devices Group. Evans joined Intel in 2006 and is based in Santa Clara, California.

http://www.intel.com

Tuesday, March 28, 2017

Rigetti Computing Targets Quantum Computing in the Cloud

Rigetti Computing, a start-up based in Berkeley, California, announced $64 million in Series A and B funding for its efforts in quantum computing.

Rigetti, which was founded by Chad Rigetti in 2013, is building a cloud quantum computing platform for artificial intelligence and computational chemistry. It recently opened up private beta testing of its API for quantum computing in the cloud.

The Series A round of $24 million was led by Andreessen Horowitz. The Series B round of $40 million was led by Vy Capital, followed by Andreessen Horowitz. Major investors in both rounds include Y Combinator's Continuity Fund, Data Collective, FF Science, AME Cloud Ventures, Morado Ventures, and WTI.

"Quantum computing will enable people to tackle a whole new set of problems that were previously unsolvable," said Chad Rigetti, founder and chief executive officer of Rigetti Computing. "This is the next generation of advanced computing technology. The potential to make a positive impact on humanity is enormous."

http://rigetti.com/

Wednesday, March 15, 2017

CNEX Targets Next Gen SSD Controllers for Hyperscale

CNEX Labs, a private semiconductor company based in San Jose, California, closed its Series C round of financing led by Microsoft Ventures and joined by existing CNEX investors, bringing total funding to over $60 million to date.

CNEX is developing solid-state storage controllers and software for cloud, hyperscale, and enterprise data centers.

The company said it is working with tier-one data center customers and manufacturers of solid-state storage, including NAND flash and other storage media, to create a ground-up re-design of the traditional SSD controller architecture.

“CNEX is developing the next big innovation for solid-state storage through semiconductor and software solutions,” said Nagraj Kashyap, corporate vice president at Microsoft Ventures. “As data generation grows, so too must storage systems. Our support will help CNEX accelerate its contribution to new breakthroughs in the evolution toward a cloud-first world.”

“We place a high value on the expertise that comes with this commitment from Microsoft Ventures,” said Alan Armstrong, CEO and Co-Founder of CNEX Labs. “The industry sees impressive leadership from Microsoft in shaping a new generation of data centers, and the strategic guidance from Microsoft Ventures will be a key asset to CNEX as we launch our storage products into mass production for the global data center ecosystem.”

Worldwide data generation is expected to leap from four zettabytes per year in 2013 to 40 zettabytes per year by 2020 (one zettabyte is one billion terabytes). The sheer volume, variety, and velocity of data is driving the need for innovation in data center technology to store and deliver this data.

http://www.cnexlabs.com

Tuesday, March 14, 2017

Innovium Unveils 12.8Tbps Data Center Switching Silicon

Innovium, a start-up based in San Jose, California, introduced its TERALYNX scalable Ethernet silicon for data centers switches.

Innovium said its TERALYNX will be the first single switching chip to break the 10 Tbps performance barrier, along with telemetry, line-rate programmability, the largest on-chip buffers and best-in-class low-latency. The chip is expected to sample in Q3 2017.

TERALYNX includes broad support for 10/25/40/50/100/200/400GbE Ethernet standards. It will deliver 128 ports of 100GbE, 64 ports of 200GbE or 32 ports of 400GbE in a single device. The TERALYNX switch family includes software compatible options at 12.8Tbps, 9.6Tbps, 6.4Tbps and 3.2Tbps performance points, each delivering compelling benefits for switch system vendors and data center operators.

Some highlights:

  • 12.8Tbps, 9.6Tbps, 6.4Tbps and 3.2Tbps single chip performance options at packet sizes of 300B or smaller 
  • Single flow performance of 400Gbps at 64B minimum packet size, 4x vs alternatives
  • 70MB of on-chip buffer for superior network quality, fewer packet drops and substantially lower latency compared to off-chip buffering options
  • Up to 128 ports of 100GbE, 64 ports of 200GbE or 32 ports of 400GbE, which enable flatter networks for lower Capex and fewer hops
  • Support for cut-through with best-in-class low latency of less than 350ns
  • Programmable, feature-rich INNOFLEX forwarding pipeline
  • Comprehensive layer 2/3 forwarding and flexible tunneling including MPLS
  • Large table resources with flexible allocation across L2, IPv4 and IPv6
  • Line-rate, standards-based programmability to add new/custom features and protocols
  • FLASHLIGHT telemetry and analytics to enable autonomous data center networks
  • Extensive visibility and telemetry capabilities such as sFlow, FlexMirroring along with highly customizable extra-wide counters
  • P4-INT in-band telemetry and extensions to dramatically simplify end to end analysis
  • Advanced analytics enable optimal resource monitoring, utilization and congestion control allowing predictive capabilities and network automation
  • SERDES I/Os for existing and upcoming networks
  • Industry-leading, proven SerDes supports 10G and 25G NRZ, as well as 50G PAM4, to provide customers a variety of connectivity choices, ranging from widely deployed 10/25/40/50/100G Ethernet to upcoming 200/400GbE
  • Up to 258 lanes of long-reach SerDes, each of which can be configured dynamically
  • Integrated GHz ARM CPU core along with PCIe Gen 3 host connectivity
  • ARM core enables development of differentiated real-time automation features
  • High speed host connectivity and DMA enhancements enable high performance packet, table and telemetry data transfers while minimizing CPU overhead
  • Two high-speed Ethernet ports for management or telemetry data


“Networking silicon solutions in the market today are generic, one-size-fits-all approaches and as a result, sub-optimal for data-centers. Innovium has used a unique, singular focus on data centers to deliver the strongest set of switch capabilities that dramatically advance the future of data centers,” said Rajiv Khemani, CEO & Co-founder of Innovium. “Equally important, we have assembled one of the strongest execution teams for rapid, high-volume deployments. We are excited to be working with leading switch system and data center customers as we execute on our mission.”

Innovium, in partnership with Inphi, also introduced a single switch chip based reference design for a platform supporting 12.8Tbps (128 X 100GbE) QSFP28 deployments. The reference design uses Innovium’s 12.8Tbps TERALYNX Ethernet switch silicon and Inphi’s 4-Level Pulse Amplitude Modulation (PAM4) chipset.

“As the pioneer of PAM based electronics for 40/50/100/200/400G, Inphi continues to enable a successful PAM4 ecosystem, leading the industry to the new world of terabit cloud optical interconnects. The 12.8Tbps reference design with Inphi’s PAM4 silicon in conjunction with Innovium’s new single switch chip is yet other major achievement in direct response to what data center operators require in the networking world,” said Siddharth Sheth, vice president of marketing, Networking Interconnect at Inphi.

In addition, Innovium announced $38.3 million in Series C funding from new lead investor, Redline Capital, new strategic investors and existing investors Greylock Partners, Walden Riverwood Ventures, Capricorn Investment Group, Qualcomm Ventures and S-Cubed Capital.  This brings the company's total financing to $90 million/

Innovium also announced a board of advisors and investors consisting of networking industry luminaries: Yuval Bachar, Principal Engineer for Global Infrastructure Architecture at LinkedIn; Sachin Katti, Professor of EE & CS at Stanford University; Martin Lund, CEO of Metaswitch; Rajeev Madhavan, serial entrepreneur and General Partner of Clear Ventures; Pradeep Sindhu, Founder and Vice Chairman of Juniper Networks; Krishna Yarlagadda, President of Imagination Technologies; and Raj Yavatkar, VMware Fellow.

https://www.innovium.com/


Monday, March 13, 2017

Jonathan Davidson Jumps Back to Cisco from Juniper

Jonathan Davidson is joining Cisco to lead its Service Provider Networking organization as senior vice president and general manager, service provider networking. He will report to Yvette Kanouff, the senior vice president and general manager of Cisco’s service provider business unit.

Davidson previously served as executive vice president and general manager of Juniper Development and Innovation, and earlier as SVP/GM for Juniper’s Security, Switching and Solutions.  Earlier in his career he was at Cisco.

http://blogs.cisco.com/sp/networking-industry-leader-joins-our-service-provider-networking-team


  • Last week, Juniper announced an organization reshuffle and the appointment of Kevin Hutchins to the newly created position Senior Vice President of Strategy and Product Line Management. Juniper's engineering organization will now report into chief development officer, Andy Athreya. Both of these positions will report into chief executive officer, Rami Rahim.



Tuesday, March 7, 2017

HPE to Acquire Nimble Storage for $1 Billion

Hewlett Packard Enterprise agreed to acquire Nimble Storage, a supplier of predictive all-flash and hybrid-flash storage solutions, for $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. In addition to the purchase price, HPE will assume or pay out Nimble’s $200 million in unvested equity awards.

Nimble offers midrange flash storage solutions featuring an intelligent, predictive analytics engine that assesses performance issues across the full data path, from apps to the array.  In addition, Nimble has recently introduced multicloud storage services that combine the best of on-premises and public cloud storage capabilities for Hybrid IT deployments.  Nimble, which is based in San Jose, California, was founded in 2007 and has approximately 1,300 employees worldwide. The company delivered revenue of $402 million in its most recent fiscal year, up 25 percent year over year.

HPE said Nimble’s predictive flash offerings are complementary to its own scalable midrange to high-end 3PAR solutions and affordable MSA products.  In addition, HPE plans to incorporate Nimble’s InfoSight Predictive Analytics platform across its storage portfolio, which will enable a stronger, simplified support experience for HPE customers.

“Nimble Storage’s portfolio complements and strengthens our current 3PAR products in the high-growth flash storage market and will help us deliver on our vision of making Hybrid IT simple for our customers,” said Meg Whitman, President and CEO, Hewlett Packard Enterprise. “And, this acquisition is exactly aligned with the strategy and capital allocation approach we’ve laid out. We remain focused on high-growth and higher-margin segments of the market.”

“Over 10,000 enterprises are using Nimble Storage because our Predictive Cloud Platform is reliably fast, radically simple, and cloud ready,” said Suresh Vasudevan, CEO at Nimble Storage. “This acquisition validates our technology leadership in flash and in the use of cloud-based predictive analytics.  We’re confident that by combining Nimble Storage’s technology leadership with HPE’s global distribution strength, strong brand, and enterprise relationships, we’re creating expansion opportunities for the combined company.”

http://www.hpe.com

Thursday, March 2, 2017

Palo Alto Networks Buys LightCyber for $105M

Palo Alto Networks completed its acquisition of LightCyber, a privately held cybersecurity company that offers highly automated and accurate behavioral analytics technology. Palo Alto Networks paid $105 million in cash.

LightCyber leverages machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.

Palo Alto Networks will continue to offer the LightCyber products and support existing customer implementations while it engineers the technology into the Palo Alto Networks Next-Generation Security Platform by the end of the calendar year.

"The LightCyber team's vision to bring automation and machine learning to bear in addressing the very difficult task of identifying otherwise undetected and often very sophisticated attacks inside the network is well-aligned with our platform approach. This technology will complement the existing automated threat prevention capabilities of our platform to help organizations not only improve but also scale their security protections to prevent cyber breaches," stated Mark McLaughlin, chairman and CEO of Palo Alto Networks.

https://www.paloaltonetworks.com/

VeloCloud Raises $35M for its SD-WAN

VeloCloud Networks, a start-up based in Mountain View, California, closed a $35 million Series D round of funding for its SD-WAN solutions.

The funding was led by Hermes Growth Partners and included new investors Telstra Ventures and Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia (“Khazanah”), in addition to existing investors New Enterprise Associates (NEA), Venrock, March Capital Partners, Cisco Investments, and other undisclosed strategic investors. This brings total funding to $84 million.

The company said the funding will be used to expand business, capacity and operations as it accelerates new SD-WAN product development, supports larger customer rollouts, and dramatically increases sales and marketing in theaters worldwide.

VeloCloud reports that its number of SD-WAN sites has grown to more than 50,000 and total customer wins exceed 600, including the two largest SD-WAN wins in the world. The company has secured deals from AT&T, Sprint, Mitel, TelePacific, and Windstream for its “VeloCloud Cloud-Delivered SD-WAN for Service Providers” solution for both Network Integrated and Over The Top implementations. In addition, VeloCloud continued work with its existing ecosystem of service provider partners, including Vonage, MetTel, EarthLink, and NetOne to deliver the benefits of VeloCloud Powered SD-WAN for their customers.

“We are experiencing significantly more growth than we even predicted as a stretch goal for VeloCloud Cloud-Delivered SD-WAN,” said VeloCloud CEO and Co-founder Sanjay Uppal. “VeloCloud has broken away from the field with the industry’s largest number of customers, sites, and sales along with key strategic Service Provider partnerships. With this new round of funding we are able to stay well ahead of this new level of demand we are experiencing.”

http://www.velocloud.com

Wednesday, February 22, 2017

Diamanti Releases its Hyper-Converged Container Platform, Raises $18M

Diamanti (previously Datawise.io), a start-up based in San Jose, California, announced general availability of its Diamanti D10 hyper-converged container platform.

Diamanti said its platform enables enterprise IT organizations to deploy Docker containers in seconds with guaranteed service levels at a fraction of the cost of traditional data center infrastructure. The Diamanti D10 appliance ships pre-integrated with all of the container software, compute, networking and storage resources necessary to optimally deploy and operate high-performance containerized applications at production scale. Diamanti’s network and storage API contributions to popular Kubernetes open-source container orchestration software automate the container deployment process across all infrastructure resources, enabling production deployment in seconds versus days and weeks of manual approaches.

The company also announced the close of an $18 million Series B funding round to drive growth across product development, support, sales, and marketing, bringing the company’s total funding to more than $30 million. New investor Northgate Capital led the round, with additional investments from CRV, DFJ, Translink, and GSR Ventures.

“Modern enterprise container adopters are targeting data intensive applications,” said Jeff Chou, Diamanti CEO and co-founder. “Enterprises are delivering large-scale digital services in private and public clouds built around Docker containers faster than ever. These data-driven applications include real-time data pipelines and analytics that can overwhelm existing infrastructure built for monolithic virtualized applications. Serving this new class of agile digital services requires an operational model that brings predictable network and storage I/O service levels to workloads including Cassandra, MongoDB, and PostgreSQL across multiple environments as customers adopt varying hybrid cloud models.”

https://www.diamanti.com/

Wednesday, February 15, 2017

IDT to acquire GigPeak for $250m for Optical Interconnects

Integrated Device Technology (IDT) of San Jose, California and GigPeak, a supplier of semiconductor ICs and software for high-speed connectivity and video compression over the network and in the cloud, announced that they have signed a definitive agreement for IDT to acquire GigPeak for $3.08 per share, or approximately $250 million, in cash, representing a premium of approximately 22% to GigPeak's closing share price on February 10th.

Under the terms of the merger agreement, IDT will launch a tender offer to acquire all of the issued and outstanding common stock of GigPeak for $3.08 per share. The boards of directors of both companies have unanimously approved the terms of the agreement and the GigPeak board has resolved to recommend that stockholders accept the offer.

The combination of IDT and GigPeak is projected to add approximately $16 million of quarterly revenue at a 70% non-GAAP gross margin and to be accretive to earnings in first full quarter following closing of the transaction.

The acquisition of GigPeak will provide IDT with an optical interconnect product line and technology business that is complementary to its established position as a supplier of real-time interconnect products. More specifically, the combination is expected to extend IDT's leading position as a supplier of communications and cloud data centre products

IDT noted that GigPeak's optical interface products have been widely adopted by major companies in the communications, cloud data centre, and military/aviation markets. With the acquisition, IDT will be able to provide ultra-high speed data connectivity products featuring electrical, RF and optical technologies.

The transaction is not subject to a financing condition, although it is subject to customary conditions including the tender of the majority of the outstanding GigPeak shares; it is anticipated that the acquisition will close the second calendar quarter of 2017.

Separately, GigPeak reported financial results for its fourth quarter and fiscal year 2016, ended December 31, 2016, including fourth quarter revenue of $16.2 million, compared with $15.8 million in the third quarter and $11.1 million in the fourth quarter 2015. GAAP net income in the fourth quarter was $1.5 million, compared with net income of $0.7 million in the third quarter and net income of $0.3 million for the 2015 fourth quarter.

Full year 2016 revenue was $58.7 million, versus $40.4 million in 2015, with GAAP net income of $2.2 million, compared with net income of $1.2 million in 2015.

For its most recent third quarter ended January 1, 2017, IDT reported revenue of $176.36 million, versus $184.06 million in the second quarter and $177.61 million in the prior year third quarter. Net income for the third quarter was $34.74 million, compared with net income of $24.59 million in the second quarter and net income of $32.54 million in the prior year third quarter.

http://ir.gigpeak.com/phoenix.zhtml?c=225697&p=irol-newsArticle&ID=2245665

Wednesday, February 8, 2017

Mojo Networks Raises $30M for Cloud-managed WiFi

Mojo Networks closed a combination of Series E funding and debt of $30 million to support its cloud-managed WiFi.

Mojo says its cloud-managed WiFi solution is based on a radical vision for creating networks that reach new heights in performance, security, scalability, and ease-of-use.

The investment round includes previous investors Presidio Partners, Trident Capital, and Granite Ventures, who are joined by new investors North Haven Expansion Credit, a fund sponsored by Morgan Stanley Private Credit & Equity, Walden Riverwood Ventures, and Alpha Technologies.

“With consolidation in the market, there is a slowdown of innovation in the industry that helps no one but the incumbents,” said Rick Wilmer, CEO of Mojo. “As an independent, we have the ability to drive change -- we’re elevating enterprise WiFi through the power of the cloud and open standards with a vision for creating networks that do things never seen before.”

The company is based in Mountain View, California.

http://www.mojonetworks.com

See also