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

Monday, February 5, 2018

Ampere emerges from stealth with 64-bit ARM server designs

Ampere, a start-up based in Santa Clara, California, emerged from stealth and revealed its plans for 64-bit ARM-based server processors aimed at hyperscale cloud applications and next-generation data centers.

Ampere Computing is headed by Renee James, the former president of Intel until 2016. Its team also includes three other Intel veterans: Atiq Bajwa, Chief Architect, and foremerly VP and GM of product architecture at Intel; Rohit Avinash Vidwans, Executive Vice President of Engineering, with 25 years experience at Intel including work on Xeon microprocessors for data center and enterprise servers; and Greg Favor, Senior Fellow, and 25 years experience at Intel including over 60 patents. Ampere is backed by The Carlyle Group.

Ampere said its processors will offer a high performance, custom core Armv8-A 64-bit server operating at up to 3.3 GHz, 1TB of memory at a power envelope of 125 watts. It will also offer mixed signal I/O features including PCIE Gen 3, SATA Gen 3, USB and workload accelerators, as well as the high-performance on-chip fabric. The processors are sampling now and will be in production in the second half of the year.

In October, The Carlyle Group acquired the compute business of AppliedMicro from MACOM, which earlier in 2017 acquired Applied Micro Circuits Corporation (AppliedMicro") in a deal was valued at approximately $770 million on the day it was announced.

In March 2017, AppliedMicro announced the sampling of its third generation 16-nanometer FinFET Server-on-a-Chip (SoC) solution, X-Gene 3.  The device is an ARMv8-A compatible processor that matches comparable x86 processors in CPU throughput, per-thread performance, and power efficiency while offering advantages in memory bandwidth and total cost of ownership. It features 32 ARMv8-A 64-bit cores operating at speeds up to 3.0 GHz, eight DDR4-2667 memory channels with ECC and RAS supporting up to 16 DIMMs and addressing up to 1TB of memory and 42 PCIe Gen 3 lanes with eight controllers.

“We have an opportunity with cloud computing to take a fresh approach with products that are built to address the new software ecosystem,” said James. “The workloads moving to the cloud require more memory, and at the same time, customers have stringent requirements for power, size and costs. The software that runs the cloud enables Ampere to design with a different point of view. The Ampere team’s approach and architecture meets the expectation on performance and power and gives customers the freedom to accelerate the delivery of the most memory-intensive applications and workloads such as AI, big data, storage and database in their next-generation data centers.”

Monday, January 29, 2018

MATRIXX raises $40 million for its telco reinvention software

MATRIXX Software, a start-up based in Saratoga, California announced $40 million in Series C funding for its next-gen digital commerce platform for telco and related industries.

MATRIXX Software’s Digital Commerce platform aims to reinvent telco business support systems by bringing together typically separate applications for product design and lifecycle management, customer engagement, service delivery and monetization into a single, comprehensive platform.

The company reports 130 percent year-over-year growth, adding new customers across North America, UK, Europe, Middle East and Asia.

“We founded MATRIXX on the principles of digital scale and agility. We design software with both the Telco and the end consumer in mind to deliver capabilities that will provide valuable and meaningful change to the way Telco’s operate,” said Dave Labuda, founder, CEO and CTO of MATRIXX Software.

The funding round was led by Sutter Hill Ventures. Additional new investors include Spring Lake Equity Partners and strategic partner CK Hutchison, whose 3 brand group of telecommunications operators serve over 130 million customers globally. The round also includes existing investors and strategic partners Greylock Partners, Adams Street Partners, Telstra Ventures and Swisscom Ventures.

Thursday, January 25, 2018

Cumulus raises $43 million for its open networking

Cumulus Networks, which offers a Linux operating system environment for open networking, announced $43 million in new funding. Cumulus plans to expand its sales force and invest in growing its marketing programs, with a particular focus on reaching new customers in EMEA and Asia Pacific.

Cumulus's mission is "to free customers from expensive proprietary network stacks and bring the automation, agility and scalability of web-scale networks to companies of all sizes."

The company cited the following recent milestones:

  • During 2017, the company signed over 350 new customers and now serves more than 800 customers, including over a third of the Fortune 50.
  • Growth outside the U.S. was particularly strong. Cumulus tripled its business in the Asia Pacific region and more than doubled its business in EMEA during 2017.
  • Cumulus Networks debuted in the Visionaries quadrant of the 2017 Gartner Magic Quadrant for Data Center Networking.
  • In October 2017, Cumulus was inducted into the Innovation Hall of Fame by JP Morgan Chase.
  • During 2017, the company released new solutions including NetQ, a telemetry-based fabric validation system; Host Pack, software essentials for the host enabling web-scale networking for containers, microservices and more; and Cumulus in the Cloud, a personal virtual data center to build and test network designs and operations.

The new funding round was led by Telstra Ventures. All existing investors including Andreessen Horowitz, Battery Ventures and Sequoia Capital participated. This brings total funding to $129 million.

“There’s a striking variety in our customer base, which ranges from large financial and healthcare institutions, to breakout SaaS stars, to some of the world’s largest Internet companies,” said Josh Leslie, CEO of Cumulus Networks. “But the common thread running through them is that they are challenging the status quo of networking in their organizations and reaping huge operational benefits as a result. We’re honored to partner with Telstra in this journey. We are excited to use this investment to bring modern, scalable networks to even more organizations around the world, particularly to service providers who are beginning to move into the networking space.”

Cumulus Networks is based in Mountain View, California.

Wednesday, January 24, 2018

Cisco to acquire Skyport for ultra secure servers

Cisco announced its intent to acquire Skyport Systems, Inc., a start-up based in Mountain View, California that offers "hyper-secured" servers for delivering trusted computing and policy enforcement at the application edge.  Financial terms were not disclosed.

Skyport's SkySecure converged system brings together zero trust compute, virtualization and a full stack of security technologies. It logs all traffic at a forensically auditable level, enabling users to see where traffic originates, where it is headed, whether it was allowed or not, what policy allowed or blocked it, and when and who put that policy into action. Remote management capability allows users to secure branch infrastructure without firewalls, proxies, MPLS or other security measures.

Skyport Systems team will join Cisco's Data Center – Computing Systems Product Group, which is led by Senior Vice President and General Manager Liz Centoni and the Service Provider – Networking Group led by Senior Vice President and General Manager Jonathan Davidson.

Investors in Skyport included GV (formerly known as Google Ventures), Cisco Investments, Thomvest Ventures, Northgate Capital, InstantScale, Index Ventures, Sutter Hill Ventures and Intel Capital. The company raised at least $67 million in funding over several rounds.

In June 2016, Skyport announced interoperability between its SkySecure platform and Cisco’s Application Centric Infrastructure (ACI) solution. The goal is to provide application-layer and system-level security and policy controls needed to extend the trust boundary from a system-level root-of-trust to the network edge. Skyport said its interoperability with Cisco ACI also mobilizes security policies, enabling them to follow workloads throughout their lifecycles, and lets users deploy and maintain secure administrative workstations, jump hosts and multi-zone DMZ architectures as an integral part of an overall security framework.


  

Wednesday, January 17, 2018

Anomali raises $40 million for threat mgt and collaboration

Anomali, a start-up based in Redwood City, California announced $40 million in an oversubscribed Series D funding round. The company specializes in threat management and collaboration solutions, announced today that it has closed an oversubscribed.

Anomali cited significant momentum in 2017, including the introducing new capabilities in its ThreatStream, Anomali Enterprise and STAXX solutions, enabling advanced threat forensics and threat sharing capabilities. The company also:

  • launched a 48-bank threat sharing community in the United Arab Emirates,
  • testified before the Homeland Security Committee regarding the importance of threat sharing,
  • partnered with the Bank of England to collect, integrate, hunt and investigate cyber security intelligence data, and
  • published a series of Cybersecurity Country Profiles, including Russia, China and Iran.

“2017 was another remarkable year for Anomali, in which we saw record customer growth and product innovation. We are thrilled to add Lumia Capital, DTCP, Telstra and Sozo Ventures to the Anomali family and are already preparing major initiatives with our newest partners,” said Hugh Njemanze, chief executive officer, Anomali. “Our latest investors ideally position us for growth in Europe, Japan and Australia.”

The latest funding round was led by Lumia Capital, with the participation of Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures. Returning investors included GV, General Catalyst, IVP and Paladin Capital Group. This announcement marks a total of $96 million total investment raised by Anomali over four rounds of funding.

  • Anomali is headed by Hugh Njemanze, who previously co-founded ArcSight in May 2000 and served as CTO as well as Executive Vice President of Research and Development.

John Chambers launches venture capital firm

John Chambers, the former Chairman and CEO of Cisco Systems, is launching a new venture capital firm to invest in global start-ups dedicated to the digital future. His son, John J. Chambers, is playing a key role as Head of Growth in the business. Shannon Pina, who worked at Cisco as Chambers' executive communications manager , will serve as Chief of Staff.

JC2Ventures, which is based in Palo Alto, California, already lists eight portfolio companies in which it has invested: Airware, Aspire, Dedrone, OpenGov, Pindrop, Privoro, Sprinklr, and Uniphore.

 

Tuesday, January 16, 2018

Aquantia appoints Parvarandeh as COO

Aquantia has appointed Pirooz Parvarandeh as Chief Operating Officer, reporting to Faraj Aalaei, Aquantia’s Chairman and CEO.

Parvarandeh was formerly the Group President and the first Chief Technology Officer (CTO) at Maxim Integrated where he spent 27 years building leading-edge technology businesses, helping scale the company from 150 employees, when he joined, to over 8,000 employees and revenues of $2.4 billion when he left.

Monday, January 15, 2018

Pony.ai raises $112M for autonomous driving - former Baidu and Google X

Pony.ai, a start-up based in Fremont, California with R&D in Beijing, announced $112 million in venture funding for its autonomous driving solutions.

The Series A funding was co-led by Morningside Venture Capital and Legend Capital. Seed round lead-investor Sequoia China and investor IDG Capital also participated in the round, along with Hongtai Capital, Legend Star, Puhua Capital, Polaris Capital, DCM Ventures, Comcast Ventures, Silicon Valley Future Capital and other funding sources. Miracle Capital was the exclusive financial advisor in this round.

Pony.ai is headed by James Peng, co-founder and CEO, who was previously Chief Architect at Baidu, where he oversaw the technical direction of the autonomous driving division and other key areas such as big data and monetization platforms. Dr. Peng started his career at Google after earning a PhD from Stanford University, and he also holds a BS degree from Tsinghua University. Tiancheng Lou, co-founder and CTO, worked on autonomous driving at both Google X (before it became Waymo) and Baidu.  Dr. Lou holds a BS and PhD in Computer Science from Tsinghua University.

Pony.ai is developing level 4 autonomous driving technology. Its test vehicles are already running on Bay area roads.

Pony.ai said it is also making considerable progress in Guangzhou, China, where it began testing its fleet of autonomous driving vehicles on public roads this past December.

“We are excited and honored to welcome our new group of investors to the team and are grateful for their support!” says co-founder and CEO, James Peng. “Autonomous driving has the potential to bring about massive benefits to society, and we hope to work closely with our outstanding investors to realize this future.” Co-founder and CTO, Tiancheng Lou, adds: “We very much look forward to working with our investors to achieve our mission of bringing the safest and the most reliable autonomous driving technology to market!”

Sunday, January 14, 2018

DENSO invests in ActiveScaler for #AI-powered fleet management

DENSO, one of the world’s largest automotive suppliers, has a significant seed investment in ActiveScaler, a start-up based in Milpitas, California that is developing Managed MaaS (Mobility-as-a-Service) systems powered by artificial intelligence. Financial terms were not disclosed.

ActiveScaler's website says its FleetFactor AI-powered software leverages thousands of data points collected from a variety of sources such as internal vehicle data, in-vehicle computers, sensors, driver behavior, CRM/ERP, finance, dispatch and other systems.

"DENSO’s focus is to develop technologies that advance the future of mobility, and enable connected and automated driving," said Yoshifumi Kato, Senior Executive Director at DENSO Corporation. "These technologies directly influence the development of MaaS systems, which will disrupt the future of urban mobility for people and goods by making transportation solutions more seamless and accessible."

"We want to be the engine behind the future of MaaS – hence the term “Managed MaaS”, which will transform current fleet businesses to provide next generation mobility services," said Abhay Jain, CEO of ActiveScaler. "Traditional fleet management services and systems are quickly becoming obsolete because of issues like high upfront software and hardware costs, poor ecosystem integration, and lack of flexibility, which are limiting the type and quality of services that can be offered.

Wednesday, January 10, 2018

Arctic Wolf raises $16M for Cyber Security Ops Center service

Arctic Wolf Networks, a start-up based in Sunnyvale, California with offices in Ontario, Canada, raised $16 million in new funding for its security operations center (SOC)-as-a-service.

The Arctic Wolf service provides a cloud-based security incident and event management (SIEM) application combined with a team of expert security engineers committed to the client's operational requirements.

"Security operations centers are an essential element of modern cybersecurity, and every company needs one,” said Brian NeSmith, CEO and co-founder of Arctic Wolf. “We are transforming how companies look at cybersecurity from a product-centric view to one focused on proactive detection and response. The new funding allows us to invest in key areas of the business and maintain our extraordinary growth trajectory.”

The new funding was led by Sonae Investment Management with participation from Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory.

  • Arctic Wolf is headed by Brian NeSmith, who previously was CEO of Blue Coat Systems. Before that, he was the CEO of Ipsilon Networks (acquired by Nokia). 

Wednesday, December 20, 2017

Fyusion raises $22M for computer vision

Fyusion, a start-up based in San Francisco, announced $22 million in Series B funding for its work in 3D computer vision and machine learning.

Fyusion's mission is "to pioneer real-time visual understanding of the physical world using any camera though with a focus on Android & iOS devices." The technology creates immersive, interactive 3D images called ‘fyuses’ by moving any camera around a person, object or scene. Fyusion says its 3D AI technology is capable of understanding these people, objects, and scenes, live in the camera, and with extreme precision. The company also claims to have the world’s largest database of digitized real-world 3D images, updated monthly by tens of millions of users across commercial OEM partnerships. Gionee, Huawei, TCL, and ZTE are Fyusion’s OEM partners.

New Enterprise Associates were a follow-on institutional investor alongside new investors Presence Capital and 2020, a fund partnered with Hon Hai Precision Industry Co., Ltd. New strategic investors include one of the top 3 global smartphone makers, NTT Group’s corporate venture capital firm NTT DOCOMO Ventures, publicly-traded Japanese gaming company Colopl, and Gionee – a Chinese smartphone company. Fyusion has raised a total of $38 million since its inception in 2014.


Radu B. Rusu, CEO of Fyusion said: “We’re delighted to have welcomed investors with such knowledge and connections in the very areas that Fyusion is focused on. These are incredible partners who understand how Fyusion’s 3D AI imaging will drive growth in many key global industries over the coming years.”

Thursday, December 14, 2017

Gremlin raises $7.5m for "Chaos Engineering" test tool

Gremlin, a start-up based in San Jose, California, announced $7.5 million in series A funding for its tool for deliberately injecting failure into software systems in order to proactively identify and fix unknown faults.

Gremlin, which was founded by a former engineer at Amazon and Netflix, said it helps customers build more resilient system through a new engineering philosophy called chaos engineering. The new tool simulates how a system would react when encountering challenges, such as network latency, data center outages, etc. With nearly a dozen attacks and more launching soon, Gremlin recreates the most common failures across three categories: Resource, Network, and State. The Gremlin tool is delivered as a subscription-based service, with pricing based on per instance or service.

The Series A funding came from Index Ventures and Amplify Partners.

“Having been an engineer at Amazon and Netflix for the past decade and on the front lines of system outages, this was a tool I built out of necessity. I was tired of the burnout from being paged at all hours of the night - there had to be a better way,” said Kolton Andrus, CEO of Gremlin. “Chaos engineering is a new principle that is just starting to take hold, and I believe it is one of the most effective ways to make the internet more reliable. We have to empower engineers to safely experiment to build knowledge and more resilient systems.”

Monday, December 11, 2017

Menlo Security raises $40M for cloud-based threat isolation

Menlo Security, which offers a cloud-based isolation platform that prevents web-based malware from infecting local machines by running the browser in a cloud-based container, raised $40 million in Series C funding.

Menlo Security describes its Isolation Platform as a digital partition, isolating and executing all web content, email links and documents in the cloud, then streaming a malware-free version of the content to employees’ computers via a patented Adaptive Clientless Rendering (ACR) technology.

New investors in the round include American Express Ventures, Ericsson Ventures, and HSBC. Existing investors include JPMorgan Chase, General Catalyst, Sutter Hill Ventures, Osage University Partners and Engineering Capital. This brings total investment in Menlo Security to $85 million.

“More than a million users at hundreds of companies are protected by Menlo, with zero infections to date,” said Amir Ben Efraim, CEO of Menlo Security. “This has given the market tremendous confidence in our solution. Customers are demanding more durable approaches to malware prevention versus a long legacy of solutions that remain perennially vulnerable to the latest attacks. This funding allows us to respond to this opportunity by continuing to expand our deployments globally to meet this growing demand while delivering on our vision of eliminating the phishing, ransomware and malware risks from email, web and document downloads.”

Monday, November 27, 2017

McAfee to Acquire Skyhigh for CASB

McAfee agreed to acquire Skyhigh Networks, a start-up offering a cloud access security broker (CASB), for an undisclosed sum.

Skyhigh Networks, which is based in Campbell, California, provides its clients with visibility into content, context, and user activity across SaaS, PaaS and IaaS environments. Skyhigh Networks CEO Rajiv Gupta will join McAfee CEO Chris Young’s leadership team to run McAfee’s new cloud business unit.


“Skyhigh Networks had the foresight five years ago to realize that cybersecurity for cloud environments could not be an impediment to, or afterthought of, cloud adoption,” Young stated. “They pioneered an entirely new product category called cloud access security broker (CASB) that analysts describe as one of the fastest growing areas of information security investments of the last five years – where Skyhigh continues to innovate and lead. Skyhigh’s leadership in cloud security, combined with McAfee’s security portfolio strength, will set the company apart in helping organizations operate freely and securely to reach their full potential.”

“Becoming part of McAfee is the ideal next step in realizing Skyhigh Networks’ vision of not simply making the cloud secure, but making it the most secure environment for business,” Gupta said. “McAfee will provide global scale to further accelerate Skyhigh’s growth, with the combined company providing leading technologies and solutions across cloud and endpoint security – categories Skyhigh and McAfee respectively helped create, and the two architectural control points for enterprise security.”

Monday, November 20, 2017

AISense raises $10 million for Ambient Voice Intelligence

AISense, a start-up based in Los Altos, California raised $10 million in Series A round for its Ambient Voice Intelligence technology.

AISense's mission is to make voice conversations accessible and searchable. The company's technology is already being used for providing transcriptions for the Zoom Video Communications platform. AISense is planning to launch a consumer product in early 2018. The idea is to give people the power to store, search and share the details of their everyday conversations.

The funding round was led by Horizons Ventures with participation from Tim Draper’s Draper Associates and Draper Dragon Fund, David Cheriton, the first Google investor, and Bridgewater Associates, among others. Bart Swanson, an advisor at Horizons Ventures, has also joined the AISense board.

http://www.aisense.com

Scalyr raises $20m for server log management

Scalyr, a start-up based in San Mateo, California, raised $20 million in Series A funding for its cloud-based log management and server monitoring service.

Scalyr, which was founded by two former Google engineers, aggregates a company’s server logs and metrics into a centralized system for analysis and troubleshooting. The company said its solution takes advantage of the cloud’s economies of scale and allows for efficiencies unseen in rival log management systems. Scalyr said its system enables engineers to search 1 terabyte of log data per second.

The company notes 140 customers, including CareerBuilder, Business Insider, OkCupid, Baidu and Giphy.

The funding round was led by Shasta Ventures with participation from earlier investors Bloomberg Beta, Susa Ventures and Heroic Ventures.

“We’ve had a lot of success with early sales. Once customers see they can resolve issues 5X faster, it’s a no-brainer,” said Scalyr Founder and CEO Steve Newman, a repeat entrepreneur whose last company—Writely—was acquired by Google to become Google Docs. “Now we just need to spread the word, scaling up sales and marketing. We’re also expanding our engineering and product teams. We’ve only just begun to shake up operational visibility.”

Tuesday, November 14, 2017

Didi Chuxing opens Silicon Valley Lab

Didi Chuxing, the leading ride sharing service in China, opened a U.S. research facility in Mountain View, California.  The offices encompass 36,000 square feet and offer capacity for more than 200 employees.

DiDi Labs, which was officially launched in March 2017, focuses on AI-based security and intelligent driving technologies.

Bob Zhang, CTO of Didi Chuxing, said at the campus opening, “It’s been an exciting year for DiDi Labs. Our talented team is growing fast and making important contributions across our key tech areas, from smart-city transportation management, AI ride-matching, to security and new product innovation. ”

Didi Chuxing now has over 450 million users and is handling over 25 million daily rides.

DiDi acquired Uber China in August 2016.

Friday, November 3, 2017

Aquantia rises 6% in IPO, raising $61m for its 10GBase-T PHYs

The share price of Aquantia, which offers 10GBASE-T PHY and other Ethernet solutions, rose 6% on its first day of trading on the NYSE under the symbol "AQ" to close at $9.51.

The company sold 6,818,000 shares of its common stock in the IPO, raising $61 million.

Aquantia is based in San Jose, California.

Thursday, November 2, 2017

Ayla Networks raises $60M for its IoT platform

Ayla Networks, a start-up based in Santa Clara, California, raised $60 million in Series D financing for its Internet of Things (IoT) platform-as-a-service (PaaS).

The Ayla Cloud is a completely managed service that provides a full suite of operational, business intelligence, and analytics services to manage a connected deployment throughout its lifecycle. Ayla-enabled connectivity modules can be built with a variety of micro-controller, operating system, or networking protocol. Ayla also offers mobile application libraries that contain APIs for iOS and Android applications that can securely control and manage Ayla-enabled products.

The new funding was led by Run Liang Tai Fund (RLT) and Sunsea Telecommunications Co. Ltd.

“Ayla has amassed more than 100 large enterprise customers by solving their challenges regarding how to securely connect, manage and apply intelligence to all of their connected devices and sensors,” said David Friedman, Ayla CEO and co-founder. “The Ayla platform blends critical capabilities related to security, privacy, data policy and management with a massively configurable capability for our customers to ingest data from any sensor and IoT cloud. The platform makes it easier for enterprises to apply intelligence and analytics to broad sets of heterogeneous data sets to transform the data into real business value.”

Wednesday, October 25, 2017

Skybox Security raises $150 million

Skybox Security, a privately-held company based in San Jose, California, raised $150 million in venture funding for its cybersecurity management software.

The Skybox Security Suite combines attack vector analytics and advanced threat intelligence to continuously analyze vulnerabilities in a customer's environment and correlate them with exploits in the wild. Skybox extends across complex networks, including those in physical, virtual, cloud and operational technology (OT) environments.

Skybox says it has a compound annual growth rate (CAGR) of 46 percent and positive cash flow (2014 ­– 2016).

The new funding includes $100 million from the CVC Capital Partners’ Growth Fund (CVC Growth) and $50 million from Pantheon.

Skybox was founded in 2002. The company is headed by Gidi Cohen.


See also