Showing posts with label Start-ups. Show all posts
Showing posts with label Start-ups. Show all posts

Friday, June 16, 2017

Canadian data centre company eStruxture raises C$80m

Montreal-based eStruxture Data Centers, a new network and cloud-neutral data centre operator, has announced the development of its Canada-wide platform, designed to meet the growing demand for large, energy efficient data centres that is being driven by the adoption of cloud services and demand for data storage within Canada.

The company stated that it has raised an initial C$80 million in capital through a funding round led by Canderel and Caisse de dépôt et placement du Québec. The funding will be used to expand its footprint across Canada, both through the acquisition of existing data centre operators and new data centre development.

As part of this growth strategy, eStruxture also announced the completion of its first acquisition with the purchase of the assets of Netelligent Hosting Services, a major data centre operator in Montréal.

Netelligent provided colocation, cloud, managed services and bandwidth to more than 850 customers and had developed a cloud-neutral ecosystem that allowed customers to access diverse private and public cloud providers. The acquired downtown data centre facility enables eStruxture to offer customers high-density power of up to 30 kW per cabinet.

eStruxture was established to provide network and cloud-neutral data centre solutions designed to offer the capacity, performance and flexibility required for demanding enterprise applications. The company offers colocation, private cloud, managed services, bandwidth and security and support services to customers of all sizes.


eStruxture is led by president and CEO Todd Coleman, who co-founded Cologix, where he also served as COO. Mr. Todd has held a number of senior positions at companies including Level 3 Communications, where he held the roles of SVP of Data Centers, SVP of Media Operations and president of Level 3 Communications Europe.


Wednesday, June 14, 2017

UK-based Optoscribe, developer of photonics technology, raises $2.3m

Optoscribe based in Livingston, Scotland, a global supplier of glass-based integrated photonics components, announced that it has closed a series B investment round of $2.3 million (GBP 1.8 million) that will support its expansion and product supply plans.

The second round of funding was led by Scottish business angel investment syndicate, Archangels, and supported by other existing investors Par Equity, Scottish Investment Bank and the Optoscribe management team.

Optoscribe previously announced it had raised GBP 1.2 million of funding in April 2016 in a round led by Archangels, which provided GBP 825,000 of funding, supported by Par Equity, the Edinburgh venture capital fund, with GBP 325,000 of investment, and Scottish Investment Bank (SIB) which invested GBP 50,000. The company said that the new funding would be invested in its manufacturing facilities, with a focus on its FCX product line for the data comms market.

At that time Optoscribe stated that it had been awarded development contracts by a number of technology companies and that it was supplying products worldwide to these companies for R&D purposes.

Recently, in March of this year Optoscribe announced the opening of a new facility to accommodate growth and meet future expansion plans. The new 7,400 sq foot building includes a Class 1,000 laser processing clean room and Class 10,000 assembly, characterisation, test and assembly clean room. The new facility also offers room for future expansion to accommodate the company's growth plans.

Optoscribe has developed advanced technology that enables the production of optical components at a wafer level, primarily targeted at high-volume optical transceiver manufacturers supplying the growing data centre equipment market.

The company's technology is designed to enable simple, precise coupling of optical fibres to arrays of laser emitters and/or photodetectors within optical transceivers. This allows transceiver manufacturers to automate the assembly process leveraging Optoscribe's monolithic single optical interconnect component, while also significantly reducing the costs associated with assembly and testing.

Founded in 2010, Optoscribe applies its laser direct write technology to manufacture glass-based integrated photonic components for the telecoms and data comms markets. Optoscribe is a spin out business from Heriot Watt University in Edinburgh.


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).

Datos IO raises investment from Cisco and NetApp

Datos IO, a start-up developing application-centric data management technology for cloud environments, announced that Cisco Investments and NetApp have become strategic investors in the company.

Datos IO stated that it plans to use the proceeds of this investment to develop its application-centric technology that is designed to provide customers with enhanced backup storage efficiency and enable data management services at a granular level. The solution allows enterprises to protect and move traditional and third platform applications, whether on-premise, between public clouds or in multi-cloud environments.

The company noted that as enterprises transition to operating IT across multi-cloud infrastructure and deploying applications in private, public or hybrid cloud environments, it aims to simplify the protection and management of data across clouds while eliminating the complexity of multi-cloud environments for use cases such as backup and recovery, test/dev, cloud on-ramping, archival and analytics.

Datos IO was co-founded in 2014 by Tarun Thakur, CEO and Prasenjit Sarkar, CTO to develop a cloud-first, application-centric approach to data management for both traditional and third platform applications deployed on-premises or on multi-cloud infrastructure. As part of its solution, the company has created a range of technologies using its advanced CODR architecture: Datos IO raised $12.5 million in Series A funding in September 2015.

Datos IO stated that while traditional data protection solutions protect applications at a VM-level or a storage LUN-level, its technology eliminates dependencies on VM or LUN constructs, so enabling application-centric data management. This approach allows enhanced backup storage efficiency, data management services at a granular level and enables customers to intelligently move their applications in public cloud or multi cloud environments.

The company noted that one year after the release of its flagship RecoverX product, it has announced customers including Ayla Networks, Barracuda Networks and Fortune 500 enterprise customers.

Datos is based in San Jose, California.

Monday, May 1, 2017

Cisco to Acquire Viptela for $610M - SD-WAN

Cisco agree to acquire Viptela, a start-up specializing in software-defined wide area network (SD-WAN), for $610 million in cash and assumed equity awards. Equity investors in Viptela included Cisco, Redline Captial, Northgate Capital and Sequoia Capital.

Viptela, which is based in San Jose, California, developed a secure overlay fabric for SD-WAN, Cloud Onramp and Network-as-a-Service applications for enterprise clients.

The Viptela fabric offers separation of control, data, management and orchestration layers; integrated routing, security and policy controls; and full application awareness across all elements in the system. A key differentiator for Viptel is ingrained authentication, encryption, segmentation and access controls. Viptela has previously announced major deployments with Verizon, Singtel, NTTPC and others.

Cisco already offers its software-based  Cisco Intelligent WAN (IWAN) and Meraki SD-WAN solutions. The company said the Viptela acquisition will enable it to accelerate the development of next generation SD-WAN solutions.

"Viptela's technology is cloud-first, with a focus on simplicity and ease of deployment while simultaneously providing a rich set of capabilities and scale. These principles are what today's customers demand," said Scott Harrell, senior vice president of product management for the Cisco Enterprise Networking Group. "With Viptela and Cisco, we will be able to deliver a comprehensive portfolio of comprehensive on-premises, hybrid, and cloud-based SD-WAN solutions."

The Viptela team will join the Enterprise Routing team within the Networking and Security Business led by senior vice president David Goeckeler.

https://newsroom.cisco.com/press-release-content?type=press-release&articleId=1841607
http://www.viptela.com


  • In January, Viptela named Praveen Akkiraju as its new CEO, replacing Amir Khan, co-founder and current CEO, who will continue playing an active role as President and board member.  Mr. Akkiraju has served as CEO of VCE for the past four years, where he led the converged infrastructure provider to the No.1 market share position, while tripling revenues to $2.1B and achieving profitability. Prior to VCE, he spent more than 19 years at Cisco, including his last role as senior vice president & general manager of Cisco’s Enterprise Networking group.

    “In just four years, Viptela has pioneered the SD-WAN market and is now the most widely deployed solution in the industry. We are thrilled that Praveen is joining us to accelerate the next phase of our growth,” said Amir Khan. “Praveen has built and led some of the fastest growing businesses in data center and enterprise networking. He is passionate about working with customers across the enterprise, service provider and SMB markets to enable their next generation WAN transformation.”
  • Co-founders of Viptela include Amir Khan , who previously led the enterprise routing buisiness at Juniper and before that was director of product management at Cisco; and Khalid Raza, who was previously a distinguished engineer at Cisco.

Blueprint: What’s Wrong with the WAN?


by Khalid Raza, CTO, Viptela Today’s WANs are built on largely the same infrastructure as they were 10 years ago.  Back then, demands by users and applications were more predictable, resulting in more expected traffic patterns and bandwidth requirements.  And there was no cloud.  And there was no virtualization. But things are different today.  Delay-sensitive real-time applications such as VoIP and video are now enterprise...


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/


Tuesday, April 11, 2017

Enablence to raise C$6m for PLCs

Enablence Technologies of Ottawa and Fremont, California, a supplier of optical components and subsystems for access, metro and long-haul markets, announced its intention to complete additional financing for approximately C$6 million.

Enablence also announced the termination, by mutual agreement, of the non-binding letter of intent (LoI) with Esrey Energy as announced on December 8, 2016, under which the two companies proposed to implement a business combination. Esrey is a Canadian exploration and development company focused on developing oil and gas reserves in Papua New Guinea and Bulgaria.

However, Enablence stated that it expects to meet its stated goal as announced at the same time for the execution of a LoI to raise funds of C$10 million to support growth. The company plans to achieve this via a combination of the exercise of outstanding warrants, the private placements completed in December 2016 and January 2017, which totalled approximately C$4 million, cash advances of C$2 million and with the closing of financings.

As previously announced, Enablence intends to use the funds as growth capital for current and future products and for general corporate purposes. Part of the funding will be used for a capex program to expand the production of its planar lightwave circuit (PLC) chips to meet demand resulting from both existing purchase orders and anticipated demand for its metro market-focused 100 Gbit/s TxRx products.

In addition, a portion of the funds will be allocated to complete the development of a new 100 Gbit/s TxRx product targeting the data centre market and for R&D activities relating to next generation 200/400 Gbit/s products.

To raise the C$10 million funding, Enablence intends to complete a non-brokered private placement financing of common shares at 7c per share for gross proceeds of approximately C$4 million and to conduct a non-brokered private placement of C$1,000 principal amount of unsecured convertible debentures for gross proceeds of up to C$2 million.


As part of the financing, certain investors propose to enter into debt settlement agreements with Enablence to settle outstanding non-interest bearing cash advances totalling C$2 million through issuing 7.14 million shares for an aggregate C$500,000 and the issue of C$1.5 million principal amount of debentures, subject to approval by the TSX venture exchange.

Wednesday, March 29, 2017

NFWare Targets Virtualised Networking Software

NFWare, a developer of network software designed to enable processing of traffic at the speeds of dedicated hardware using standard x86 servers,

a.  Founded in 2014 by Alexander Britkin, current CEO, lead developers Igor Ryzhov and Pavel Ivashchenko and Ruslan Smelyanskiy as a spin-off start-up from non-profit organisation Applied Research Center for Computer Networks (ARCCN) based in Moscow, with offices in Russia, Spain and Silicon Valley

b.  Developing virtualised IP routing technology for telco networks and data centres.

c.  Backed by VC investors including Telefonica, Almaz Capital and Maxfield Capital.

Announced that it has raised $2 million in new venture funding in a round led by Sistema Venture Capital fund, a company of Sistema, a main shareholder in mobile operator MTS serving Russia and the CIS, with participation from existing investors including Maxfield Capital and Almaz Capital VC funds, as well as Wayra, the accelerator of Telefonica Open Future_.

The company is developing solutions based on NFV (network functions virtualisation) and SDN (software defined networking) technology that are designed to enable the migration of network infrastructure functions to a software-based virtual environment that does not rely on dedicated hardware platforms.


NFWare's software-based networking technology is intended to significantly increase network speed for high-load traffic processing utilising standard x86 servers. NFWare states that its solutions enable throughput of up to 200 Gbit/s with a single virtual machine for Internet-mix traffic. The company's solutions are designed to work efficiently including in core networks and to help operators significantly reduce network infrastructure costs.

NFWare's key products are as follows:

1.  Virtual ADC, a load balancing solution that improves traffic processing speed for high-load applications via support for up to 40 million connections per second per virtual machine and protects against DDoS attacks.

2.  Virtual CGNAT (carrier grade network access translation) with 200 Gbit/s capacity, designed to extend the life of IPv4 network infrastructure, mitigate IPv4 address exhaustion and enable migration to IPv6.

3.  Packet processing algorithms designed to allow processing of more traffic with less hardware.


NFWare noted that it has deployed its solutions in European operator networks and has been involved in projects for large telecom companies including Telefonica and Rostelecom. In February 2017, NFWare announced a contract with major Internet company Mail.Ru Group.

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/

Kaloom Raises $10.7 Million for Data Center Networking

Kaloom, a Montréal, Canada and Silicon Valley based software start up that is developing a next generation networking solution for the data centre, which:

a. Was founded by technology veterans with experience in delivering large scale networking solutions via roles at companies including Ericsson, Redback Networks, 3Com, Nortel and Apple.

b. Is developing a solution designed to address the networking transformation and to enable customers to leverage new opportunities in networking using a high performance, low cost platform.

c. Announced that it has closed a $10.7 million committed Series A equity funding round led by the Quebec-based Fonds de solidarité FTQ, with the participation of Somel Investments, MBUZZ Investments, Griffin Fund II and other current investors and the company's officers. The transaction closed in December, 2016.

Kaloom is developing the Kaloom Flow Fabric, a software networking solution designed to transform the data centre. In particular, the Kaloom Flow Fabric will allow virtual network functions (VNFs) to run at scale utilising commodity hardware, merchant silicon and the existing data centre architecture. The software is intended to deliver benefits including a significant reduction in cost together with increased data centre performance, specifically lower latency and greater scalability.

The Kaloom Flow Fabric is designed to align with technology trends including open networking and the use of container based virtualisation, and is being built with a focus on providing carrier grade performance through enabling a lossless environment able to support reliable connectivity and high availability.

The company noted that the majority of its R&D operations are in Montréal, close to a number of technical universities and providing access to technical expertise and university data centre facilities, labs and other relevant R&D projects. Kaloom stated that it is presently expanding its team in Montréal and Silicon Valley and plans to release further product information and to hold demonstrations during 2017.

http://www.kaloom.com/

Thursday, March 16, 2017

Arvizio Targets Augmented Reality Software

Arvizio of Ottawa, Canada, a developer of software solutions enabling augmented and mixed reality experiences, has announces the launch of the company and the completion of an initial funding round and opened its global headquarters in Ottawa.

Arvizio offers what is believed to be the first enterprise-class mixed reality server platform designed to enable real time collaboration and 3D visualisation across locations utilising platforms such as Microsoft HoloLens and other mixed reality devices.

Arvizio was co-founded in Ottawa in 2016 by Jonathan Reeves, current CEO, Alex Berlin, the company's president and COO, and Borys Vorobyov, current CTO. Mr. Reeves previously served at CloudLink Technologies (acquired by EMC), founded Mangrove Systems (acquired by Carrier Access), Sirocco Systems (acquired by Sycamore Networks) and Sahara Networks (acquired by Cascade communications).

Previously, Mr. Berlin was a founder and served as CEO of CloudLink Technologies, was co-founder and CEO of AFORE Solutions (acquired by Kuatro/Jabil) and chairman of Ambercore Software. Mr. Vorobyov previously founded SightPower, a company focused on large scale spatial data analysis and 3D visualisation, and co-founded Ambercore Software.

Arvizio has a team of experienced technology professionals with expertise in the areas of 3D spatial data processing, secure network communications, IoT and artificial intelligence (AI) and is applying this expertise to create advanced mixed reality solutions. By combining collaboration and 3D visualisation techniques, the company offers solutions that target a range of industry verticals, including healthcare, industrial, enterprise and education.

https://www.arvizio.io/

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/


Thursday, March 2, 2017

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

Hedvig Raises $21.5M for Software-Defined Storage

Hedvig, a start-up based in Santa Clara, California, raised $21.5 million in Series C funding for its software-defined storage solutions.

Hedvig provides software-defined storage for enterprises building private, hybrid, or multi-cloud environments. The Hedvig Distributed Storage Platform consolidates block, file, and object into a single, API-driven platform that keeps pace with ever-growing data needs. Its Universal Data Plane technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a flexible foundation for bare metal, hypervisor, and container infrastructure.

The funding included new investments from Singapore-based EDBI and Hewlett Packard Pathfinder, part of Hewlett Packard Enterprise (HPE). The round also included expanded investments from Atlantic Bridge Ventures, including its Oman Technology Fund, and contributions from existing investors True Ventures and Vertex Ventures. The company has now raised a total of $52 million to date.

“All sectors of enterprise IT are being hit by new demands from the massive wave of emerging digital businesses. It’s a wake-up call for the storage industry and a signal that a flexible, simple software-defined storage solution is needed for primary and secondary storage in the era of cloud,” said Avinash Lakshman, founder and CEO of Hedvig.

http://www.hedviginc.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 8, 2017

Fuze Raises $104 Million for UCaaS

Fuze (formerly ThinkingPhones), a start-up based in Cambridge, Mass., closed $104 million in venture funding for its cloud-based communication solutions.

Fuze is a global, unified communications as a service (UCaaS) platform for enterprises. In 2016, Fuze grew sales by 90 percent, adding 449 new customers, including The National Geographic Society, The Rockport Group, Socotec, and John Paul with 36 percent of business coming from outside of North America. Its top ten deals of 2016 represented a combined $71 million in contract value, solidifying Fuze’s position as the leading UCaaS platform for global enterprises.

“Over 2016, we experienced tremendous growth in deal size among the large enterprise segment, with CIOs and IT leaders adopting Fuze’s unified communications platform as a central part of their strategy to drive digital transformation in their organizations,” said Steve Kokinos, Fuze Founder and CEO. “This latest round of investment advances Fuze’s aggressive pursuit of the market for our cloud-based business communications platform, accelerates geographic expansion to service our large global customers, and fuels product innovation in ways that align with our long-term growth strategy.”

The funding was led by Wellington Management Company LLP and joined by Greenspring Associates and existing investors Summit Partners, Bessemer Venture Partners (BVP), and G20. Total funding to date has reached $304 million.

http://www.fuze.com

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

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