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

Thursday, March 22, 2018

Matillion raises $20 million for cloud data warehousing software

Matillion, a start-up based in the UK, announced a $20 million Series B round of funding for its cloud data integration tools.

Matillion's software enables customers to extract, load and transform data into and on cloud-based data warehouses, quickly and at scale. Versions are avaialable for Amazon Redshift, Snowflake and Google BigQuery.

The funding round was led by Sapphire Ventures and included new investor Scale Venture Partners, and existing investor, UK-based venture capital trust, YFM Equity Partners.

"Cloud-based data warehouses, like Amazon Redshift, Snowflake and BigQuery, are changing the game in data analytics, reducing cost, time-to-value and increasing the power available to businesses to load, transform and analyse their data. The thousands of new projects and workloads this creates is in turn driving rapidly increasing demand for our built-for-the-Cloud, ELT architecture, data integration tools, as companies want and need to compete with data, quickly and at any scale," said Matthew Scullion, chief executive officer, Matillion. "This round of funding is an exciting opportunity for us to work with the fantastic teams at Sapphire Ventures and Scale Ventures Partners to meet the needs of our customers and partners as well as further accelerate the pace of innovation going into our products."

Wednesday, March 21, 2018

Averon raises $13.3 million for mobile identity

Averon, a start-up based in San Francisco, raised $13.3 million in series A funding for its work in mobile identity verification.

Averon's solution leverages mobile carrier data signaling and hardware already in every smartphone combined with Averon's proprietary blockchain technology to positively and instantly authenticate mobile users. The mobile authentication works seamlessly whether users are on Wi-Fi or LTE.
The company says its patented techniques are impervious to man-in-the-middle attacks, social engineering and other forms of digital hijacking.

The funding round was led by Avalon Ventures and Salesforce founder and CEO Marc Benioff.

"Averon provides the fastest, strongest mobile security in the world, and we're proud that our innovations are disrupting the status quo of cybersecurity," said Wendell Brown, Averon co-founder and CEO. "We completely relieve the burden from end users while providing enterprise customers far superior security. Our solutions heal the cyber battle wounds suffered by every sector, from banking and healthcare to e-commerce. Our customers enjoy freedom and peace of mind, because users' logins, purchases and entire digital life are always effortlessly protected while connected with Averon."

Tuesday, March 20, 2018

FogHorn partners with Google Cloud for Industrial IoT

FogHorn Systems, a start-up based in Mountain View, California, announced a collaboration with Google Cloud IoT Core to simplify the deployment and maximize the business impact of Industrial IoT (IIoT) applications.

FogHorn has built a complex event processing (CEP) - driven edge analytics software for on-premises edge computing. The software has a very small footprint enabling it to deliver real-time analytics to resource-constrained edge devices such as PLCs, gateways and industrial PCs. FogHorn recently enhanced its CEP platform with a new "Lightning ML" edge machine learning solution that can be used to train and execute machine learning algorithms and other advanced data science models on streaming sensor data. FogHorn says this facilitates the creation and iterative enhancement of “digital twins” and other sophisticated machine learning and AI models without the need to send all the sensor data to a cloud or data center for processing.

Under the partnership with Google, FogHorn’s edge analytics and machine learning platform will be integrated with Google Cloud IoT Core, which is a fully managed service that for connecting, managing, and ingesting data from globally dispersed devices.

“Cloud IoT Core simply and securely brings the power of Google Cloud’s world-class data infrastructure capabilities to the IIoT market,” said Antony Passemard, Head of IoT Product Management at Google Cloud. “By combining industry-leading edge intelligence from FogHorn, we’ve created a fully-integrated edge and cloud solution that maximizes the insights gained from every IoT device. We think it’s a very powerful combination at exactly the right time.”

"Our integration with Google Cloud harmonizes the workload and creates new efficiencies from the edge to the cloud across a range of dimensions,” said David King, CEO at FogHorn. “This approach simplifies the rollout of innovative, outcome-based IIoT initiatives to improve organizations’ competitive edge globally, and we are thrilled to bring this collaboration to market with Google Cloud.”

 FogHorn raises $30M for industrial IoT edge computing
FogHorn Systems, a start-up based in Mountain View, California, announced $30 million in Series B funding for its software stack designed for the industrial IoT (IIoT) edge computing segment.

FogHorn has built a complex event processing (CEP) - driven edge analytics software for on-premises edge computing. The software has a very small footprint enabling it to deliver real-time analytics to resource-constrained edge devices such as PLCs, gateways and industrial PCs. FogHorn recently enhanced its CEP platform with a new "Lightning ML" edge machine learning solution that can be used to train and execute machine learning algorithms and other advanced data science models on streaming sensor data. FogHorn says this facilitates the creation and iterative enhancement of “digital twins” and other sophisticated machine learning and AI models without the need to send all the sensor data to a cloud or data center for processing.

FogHorn's “edge intelligence” software targets industrial and commercial IoT application, such as complex machinery packed with sensors. For performance and cost reasons, FogHorn argues data from industrial equipment mostly should be processed locally and not sent to a distant cloud. On-premises computing provides better latency for near real-time feedback. It can also minimize the volume of data to be uploaded to the cloud. FogHorn's software is being used by OEMs and systems integrators. The company is also working directly with end customers in manufacturing, oil and gas, power and water, transportation, renewable energy, mining and agriculture, as well as Smart Building, Smart City and connected vehicle applications.

The new funding round was led by Intel Capital and Saudi Aramco Energy Ventures with new investor Honeywell Ventures and all previous investors participating, including Series A investors March Capital Partners, GE Ventures, Dell Technologies Capital, Robert Bosch Venture Capital, Yokogawa Electric Corporation, Darling Ventures and seed investor The Hive. The company has raised $47.5 million to date.

DustPhotonics leverages manufacturing innovation for 400G QSFP-DD transceivers

DustPhotonics, a start-up based in Modi'in, Israel with offices in Cupertino, California, emerged from stealth to discuss its development of a next-generation packaging technology that simplifies the manufacturing of high-performance optical transceiver. The company said its innovations will increase the manufacturing yield of optical transceivers.

DustPhotonics is currently ramping production of 400Gbps QSFPDD-­‐SR8 and OSFP-­‐SR8 modules.
"We are only at the beginning of ever increasing demand for high speed optical interconnect," said Ben Rubovitch, CEO. "DustPhotonics is pleased to support the world-­‐wide optical design initiative through our commitment to manufacturing open and innovative optical networking products that enable a dynamic, reliable, bandwidth-rich datacenter."

Thursday, March 15, 2018

Sedona introduces Hierarchical Network Controller

Sedona Systems, a start-up offering multi-layer IP/optical network automation and control solutions, introduced a Hierarchical Network Controller that automatically discovers, provisions and optimizes L0-L3 services across multilayer, multivendor, multidomain networks.

The company said the role of its Hierarchical Network Controller is to present a single interface and simplified view of the network to service orchestrators and OSS products, and then to provide end-end network control and policy management by interacting with domain controllers from multiple IP and transport vendors.

In initial implementations, service providers are using the new NetFusion product as a single “pane of glass” for provisioning L0-3 services, without having to configure every layer, domain and vendor separately, and allowing services to be provisioned in minutes. By contrast, manual multilayer provisioning processes that are used in current networks can take weeks to complete.

“Service-aware networks are becoming particularly important as new consumer and enterprise applications require transport networks to efficiently support a range of different service types with widely varying bandwidth, performance, and availability requirements. They will become even more valuable as 5G applications mature.” said Ori Gerstel, CTO at Sedona. “We developed the new NetFusion Hierarchical Network Controller specifically to enable the benefits of service-awareness and we’re very pleased with the performance we’ve seen in recent customer verification testing. ”

Sunday, March 11, 2018

Netsparker raises $40 million for its web security software

Netsparker, a start-up based in the U.K., raised $40 million in venture funding for its web application security scanning software.

The funding round was led by Turn/River Capital, a San Francisco-based growth and private equity fund focused on enterprise software companies.

Netsparker says its solution can identify security flaws in any type of website, web application and web service. Netsparker’s Proof-Based Scanning Technology automatically verifies security flaws as they are discovered, enabling the scanners to have industry-leading vulnerability detection rates without reporting any false positives.

Wednesday, February 28, 2018

Mist raises $46 million for self-learning WLAN

Mist, a start-up based in Cupertino, California. raised $46 million in an unsubscribed C round of funding for its self-learning wireless networks powered by Artificial Intelligence (AI).

Mist says its wireless platform, which is designed specifically for the Smart Device era, makes Wi-Fi predictable, reliable and measurable by providing visibility into the user experience and by replacing time-consuming manual IT tasks with proactive automation.

The funding round was led by Kleiner Perkins, with additional funding from Lightspeed Venture Partners, Norwest Venture Partners, GV (formerly Google Ventures), NTT DOCOMO Ventures, and Dimension Data. This brings total funding in the company to approximately $88 million.
 In addition, Mamoon Hamid (General Partner at Kleiner Perkins) and Rob Lopez (Group Executive – Networking and Data Centre at Dimension Data) join Mist as board observers.

Thursday, February 15, 2018

Oracle acquires Zenedge for cloud-based network security

Oracle agreed to acquire Zenedge, which helps enterprises secure their IT systems whether deployed in cloud, on-premise or hybrid hosting environments. Financial terms were not disclosed.

Zenedge, which is based in El Segundo, California, offers Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) mitigation products. The company said its products help defend over 800,000 web properties and networks globally.

Oracle said the Zenedge acquisition will help expands its Cloud Infrastructure and Domain Name System (DNS) capabilities, adding innovative application and network protection that augments existing Oracle security services and partnerships.

"Customers demand enterprise-grade infrastructure to run their critical business systems in the cloud," said Don Johnson, Senior Vice President of Product Development, Oracle. "Oracle Cloud Infrastructure as a Service delivers leading cloud services to address those needs. The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats."

"Customers achieve tremendous results with Zenedge's innovative WAF and DDoS mitigation products, from a 99% reduction in illicit website traffic to a 99.75% improvement in page load times," said Yuri Frayman, CEO of Zenedge. "We could not be more enthusiastic about joining forces with the leader in enterprise-grade cloud infrastructure, and delivering similar results to even more customers at scale."

Tuesday, February 13, 2018

Blue Danube intros 96-element, Multiband, Massive MIMO Antenna

Blue Danube Systems, a start-up based in Santa Clara, California, introduced its 96-element, second-generation 5G-ready Massive MIMO system.

Blue Danube's the BeamCraft 600 series supports simultaneous beamforming over multiple frequency bands and across multiple cellular standards, allowing operators to deliver increased capacity through a single compact system.

The company said its Massive MIMO can dynamically direct radio frequency (RF) beams where mobile traffic is high and without changes to existing cell sites or smartphones. The 96-element BeamCraft 600 supports up to two active mid bands using 16 software configurable beams, double the capacity of the company’s previous generation. An integrated passive low-band option is also available to further conserve antenna mount positions.  Blue Danube has deployed active solutions in 3 mid bands to date (AWS, PCS, DCS) and will trial the multi-band BeamCraft 600 in 2Q’18. Additional products supporting higher frequency bands including TDD will be available in 2H’18.

“Blue Danube’s portfolio of Massive MIMO products enables operators to flexibly customize RF energy to optimize capacity, coverage and cell edge performance.” said Mark Pinto, CEO & President of Blue Danube Systems. “Our 5G-ready architecture allows beam-based network management leading to virtualization of the network RF functions. By avoiding the rigidity imposed by other radio architectures, we are enabling a completely flexible RAN ecosystem.”

  • Blue Danube Systems is headed by Dr. Mark Pinto, who previously was was an executive vice president at Applied Materials, where he launched the company’s solar business. Earlier in his career, Dr. Pinto was CTO of the Lucent Microelectronics Group and general manager of a wireless/wireline product division.
  • The company was founded by Dr. Mihai Banu, who developed the Blue Danube concepts independently since 2006. Previously,  he was R&D director at Agere Systems, working on analog circuits, RF systems for wireless LANs and wireless circuits research, and before that was Head of the Communications Circuits Research department at Lucent Technologies.
  • Investors in Blue Danube Systems include Sequoia, Northgate, Silver Lake, and AT&T.

Tuesday, February 6, 2018

Pensa releases automation software for NFV

Pensa, a start-up based in Mountain View, California, released software for intelligent automation of Network Functions Virtualization (NFV) services.

The company said its Maestro NFV uses intelligent automation and advanced modeling to help CSPs design, validate and deliver NFV network services. The software ensures that network designs are correct and that they will work as intended, reducing the risk of human error. The key benefits of Pensa Maestro NFV include:
  • Enabling CSPs to simplify and accelerate the deployment of NFV solutions
    Enabling CSPs to bring new revenue-generating services to market faster
    Enabling CSPs to intelligently automate NFV solution design, build and test processes to reduce manual errors, lower costs, and increase business velocity

"The digital services revolution has begun, but communication service providers are stuck with legacy infrastructure and processes that hold them back," said Pensa CEO Tom Joyce. "There are huge opportunities on the horizon for telcos and CSPs, but to participate they must use NFV. Before now, it has been very hard to make this technology simple, reliable, and fast. Pensa's mission is to help our customers transition to NFV faster."

"We began development of this solution for NFV back in 2014, before many people were thinking about the complexity of designing these networks," said Ujwal Setlur, co-founder and CTO of Pensa. "Today we have years of experience engineering customer solutions for NFV. Early customer deals and the introduction of Pensa Lab last years allowed us to harden our technology to the point where we are proud to call Maestro NFV carrier-class."

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.”

Sunday, February 4, 2018

Intel leads $100 million investment in Joby Aviation

Joby Aviation, a start-up developing an all-electric vertical take-off and landing (eVTOL) passenger aircraft, raised $100 million in a Series B funding round led by Intel Capital.

Joby Aviation is working on a 5-seat aircraft capable of flying 150 miles (240km) on a charge.  The company is based in Santa Cruz, California.

Besides Intel Capital, additional investors in this funding round included Singapore-based EDBI, JetBlue Technology Ventures, Toyota AI Ventures, Allen & Company, AME Cloud Ventures, and Ron Conway, as well as existing investors Capricorn Investment Group, 8VC, Sky Dayton and Paul Sciarra. This brings the company’s total funding to over $130 million.

“People waste billions of hours sitting on roads worldwide each year. We envision a future where commuting by eVTOL is a safer, faster, and  cost-competitive alternative to ground transportation,” said Joby Aviation founder and CEO JoeBen Bevirt. “We have spent the last ten years developing
the technologies that have made our full-scale technical demonstrator possible and are now ready to build a commercial version of the aircraft. We’re excited to have attracted the backing of leaders in auto manufacturing, data intelligence, and transportation sectors.”

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

Ford acquires Palo Alto-based Autonomic for cloud platform for mobility apps

Ford Motor Company announced its acquisition of Autonomic, a start-up based in Palo Alto, California that is developing an open cloud-based platform "for connecting and empowering tomorrow’s mobility systems." Financial terms were not disclosed.

Autonomic said it is working on building blocks for smart mobility applications and services. Ford said the acquisition will accelerate the automaker’s mission to establish the Transportation Mobility Cloud platform and support its plans to scale up other key mobility initiatives, including the drive toward full connectivity, Chariot and non-emergency medical transportation.

Ford also announced the acquisition of TransLoc, a Durham, North Carolina-based provider of demand-response technology for city-owned microtransit solutions.

“We believe transportation done right – as part of a systems approach – can bring life back to our cities,” said Marcy Klevorn, president, Ford Mobility. “By accelerating our delivery of mobility services through the changes we are making today, we are enabling that revival, enhancing our competitiveness and creating long-term value for Ford shareholders.”

Ford has outlined a strategy with the following components:

  • Transportation operating system: The company’s open, cloud-based platform – the Transportation Mobility Cloud that manages information flow and basic transactions between a variety of components in the transportation ecosystem – will be expanded beyond Ford to include other automakers, suppliers, partners and cities; a developer network to build and support the system also will be launched.
  • Connectivity: Preparing to deliver digital services to personal, fleet and city customers, Ford’s mobility team will deliver on the company’s commitment of 100 percent connectivity of new vehicles in the United States by 2019 and push toward its goal of 90 percent connectivity globally by 2020.
  • Ride sharing: Chariot, the cornerstone of Ford’s microtransit solutions, will see an acceleration of city launches globally this year; launches will be based on a major shift in focus to the unit’s enterprise business, which provides employee transportation services for businesses. Just last week, Ford announced the launch of service in Columbus, Ohio – Chariot’s fifth city.
  • Non-emergency medical transportation: Tapping into the growing healthcare transportation market, Ford Mobility will expand its non-emergency medical transportation operation from a Southeast Michigan pilot with Beaumont Health into a full business serving multiple medical systems.
  • Vehicle Management as a Service: Founded in 2017, Ford Commercial Solutions is leveraging vehicle connectivity to deliver data services and fleet optimization to the commercial segment, building on the automaker’s historical strength in serving fleet customers. Ford Commercial Solutions will expand its offerings globally this year.

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.


Tigera raises $10 million for secure app connectivity

Tigera, a start-up based in San Francisco, announced $10 million in new funding for its secure application connectivity for the cloud-native world.

Tigera is an open core enterprise software company delivering solutions for secure application connectivity.

Its newly launched enterprise solution, CNX, secures application connectivity using a proprietary ZT-Auth technology, which enables the enterprise to adopt a Zero Trust approach to application connectivity.

Tigera said it has been selected by each of the big four public cloud providers as the network policy provider for their managed Kubernetes offerings. Tigera’s software is integrated into AWS Elastic Container Service for Kubernetes, Microsoft Azure Container Service, Google Container Engine and IBM Cloud Container Service.

Tuesday, January 23, 2018

Dremio raises $25 million for its data analytics

Dremio, a start-up based in Mountain View, California, announced 25 million in Series B funding for its data analytics solutions.

Dremio said it "simplifies and governs the process of achieving interactive speed on data from any source, at any scale, at any time, through a self-service model delivered on an open source platform." Its solution takes advantage of elastic compute resources as well as object storage such as Amazon S3 for its Data Reflection Store. It can be run as an elastic service in the cloud and on-premises.

Apache Arrow was created by Dremio to provide the core data building block for heterogeneous data infrastructures and tools, including Spark, Python, R, BI, RDBMS, NoSQL, and file systems. Arrow is now the de-facto standard for in-memory analytics, with more than 100,000 downloads a month and adoption across a diverse range of projects.

“Dremio makes data self-service for data consumers in the same way that AWS makes infrastructure self-service for developers, but it benefits more than 10 times as many individuals. We are thrilled about the support and confidence we have received from our customers and investors, and we look forward to continuing to change the way data is harnessed by all companies,” stated Tomer Shiran, co-founder and CEO, Dremio.

The funding round was led by new investor Norwest Venture Partners with participation from existing investorsLightspeed Venture Partners and Redpoint Ventures. This brings total funding to $40 million.

Dreamio was founded in 2015 by Tomer Shiran (previously MapR, Microsoft, and IBM) and Jacques Nadeau (creator and PMC Chair of Apache Arrow; previously at MapR where he ran the distributed systems team).

Wednesday, January 17, 2018

Tel Aviv-based VDOO raises $13M for IoT security

VDOO, a cybersecurity start-up based in Tel Aviv, Israel raised $13 million in initial funding for its efforts to create an end-to-end platform for the automated analysis and certification of security on connected devices.

VDOO said its solution performs a security gap analysis on IoT devices, against the specific security requirements for each device type, and provides a detailed recommended plan of action to fill security gaps. Once security features have been implemented, VDOO validates that security requirements have been met and provides physical and digital certifications. The on-device digital certification agent monitors the security state of the device and communicates it to other systems such as gateways, firewalls, and edge solutions; which provides post-deployment security, ensuring the device is not being compromised.

VDOO was founded by Netanel Davidi, Uri Alter, both of whom previously founded Cyvera, a company that developed endpoint security solutions and which was acquired by Palo Alto Networks in 2014. A third founder of VDOO is Asaf Karas, who brings 2 decades of cyber experience with the IDF.

The venture round was led by 83North (formerly Greylock IL) and included participation by Dell Technology Capital and other strategic individual investors, including David Strohm, Joe Tucci, and Victor Tsao.

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.

See also