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

Friday, August 11, 2017

Cylance reports 283% YoY revenue growth

Cylance, a privately held company that offers AI-powered cyber defense, reported the following metrics:

  • 283 percent growth in overall revenue
  • 119 percent growth in overall bookings
  • 169 percent growth in the number of customers
  • Over 5 million endpoints sold
  • 171 percent growth in deals
  • 100 percent growth in the number of OEM partnerships

Cylance also announced the appointment of Brian Robins as chief financial officer. Robins previously served as chief financial officer at AlienVault. Before that, he served as vice president and chief financial officer of Global Business Services at CSC, a multinational IT and professional services corporation. Earlier in his career, Robins was executive vice president and chief financial officer of Verisign.

http://www.cylance.com

Cylance: AI and Cybersecurity


Stuart McClure, CEO and founder of Cylance, discusses the intersection of artificial intelligence and cybersecurity. Cylance, which has been selling its AI-based solution for about 2 years, has grown to over 700 employees and about 3,000 customers with some 3 million endpoints. Filmed at Net Events' Global Press & Analyst Summit in California.   See video: https://youtu.be/27yUlW0lskg http://www.netevents.o...


Wednesday, August 9, 2017

BlueJeans Network Names Quentin Gallivan as CEO

BlueJeans Network announced the appointment of Quentin Gallivan as its new CEO, replacing Krish Ramakrishnan, who continues on at the company as Innovation and Strategy and Executive Chairman.

Gallivan is a four-time CEO with deep experience guiding numerous industry-leading enterprise platform and cloud companies.
He was a founding executive at Verisign, and helped grow the company from a $20M revenue cloud security company serving the mid-market to a $1.5B revenue global cloud infrastructure player. He served as CEO of Postini, which grew to more than 35,000 customers and over 10 million users in 25 countries before its acquisition by Google. More recently, he was CEO of Pentaho, an open source business intelligence (BI) platform company which was acquired by Hitachi in 2015.

"BlueJeans is leading a once-in-a-generation transformation of the collaboration, meetings, and enterprise application spaces by building a world-class enterprise video platform delivered in the cloud," said Gallivan. "Krish and his team have done a phenomenal job in creating this new and exciting space while simultaneously building a company of significant scale with an impressive roster of large global enterprises. I'm excited to join this special company, helping to lead the organization in its next phase of expansion and growth. I look forward to partnering with Krish as he continues to drive innovation and strategic market development for BlueJeans."

https://www.bluejeans.com/


Wednesday, August 2, 2017

Sedona appoints David Amzallag, formerly at Vodafone, as special strategic advisor

Sedona Systems, a provider of multi-layer IP/optical network automation and control solutions, announced the appointment of David Amzallag, former leader of network virtualisation transformation at Vodafone, as a special strategic advisor.

In his new role, Mr. Amzallag brings extensive industry experience and understanding of carrier networks and will help to expand and develop Sedona's NetFusion product line.

At Vodafone, David Amzallag served as group head of network virtualisation, SDN and NFV, and led the company's major Vodafone Ocean SDN/NFV transformation program. Since leaving Vodafone, he has worked with select companies that are helping carriers to create next-generation, end-to-end network architectures.

Prior to Vodafone, Mr. Amzallag served as VP for virtual telecommunications and NFV with Alcatel-Lucent, where he designed the first company-wide vision and strategy for network virtualisation and for NFV management and orchestration. Previously, David Amzallag served as CTO at Amdocs and as chief scientist, BT 21CN, with BT.

Mr. Amzallag holds a PhD in Computer Science from Technion (Israel Institute of Technology), a MS in Operations Research, and bachelor's degrees in Mathematics, Computer Science and Industrial Engineering from Ben-Gurion University of the Negev.

Sedona's NetFusion is a software-defined networking (SDN) solution that automatically discovers and visualises a carrier's IP/MPLS and optical network layers into a single, abstracted model. This real-time view of multi-layer, multi-vendor, multi-domain topology and traffic is designed to provide detailed visibility and enable network convergence and software agility, including with existing network infrastructure.

The NetFusion App Suite furthers this converged solution with optimisation and automation apps that can help to improve network resiliency and efficiency. As SDN controllers are added to the network, NetFusion can evolve into a network controller, providing automation and control across multiple vendors and domains, and abstracting the network to service orchestrators.

Sedona Raises $13.6M for IP/Optical Converged Control



Sedona Systems, a start-up based in Israel with offices in Cupertino, California, announced $13.6 million in Series B funding for its IP/optical converged control platform for service provider networks. Sedona said its NetFusion software platform enables coordinated control of the IP and Optical layers in multi-vendor networks, automatically creating a live map of all traffic paths and cross-connections. Following this unique network discovery process,...

Friday, July 28, 2017

Big Switch secures $30.7m in capital funding

Big Switch Networksof Santa Clara, California, The Next-Generation Data Center Networking company,

a.         Founded in 2010 having originated from the original Stanford research team that invented software defined networking (SDN) technology.

b.         Began shipping its platform-independent open SDN product suite, featuring a controller, virtual switch and network monitoring application in 2012, and in 2013 started packaging its technology components into bare metal SDN fabric solutions.
c.         In January 2016 closed a Series C, $48.5 million funding round with participation from both new and existing investors, including Morgenthaler Ventures, Silver Lake Waterman, Index Ventures, Khosla Ventures, Redpoint Ventures, Accton, CID Group and MSD Capital, and bringing total funding at that time to $94 million.

Has announced it has secured $30.7 million in new financing to support further sales and product expansion as organisations continue to adopt next-generation networking solutions to modernise data centres.

Big Switch stated that the latest financing involves the participation of Dell Technologies Capital, Silverlake Waterman, Index Ventures, Morgenthaler Ventures, MSD Capital, Redpoint Ventures, Khosla Ventures, Intel Capital and a strategic investment from a Tier-1 service provider. The company noted that total funding raised to date exceeds $120 million.

http://www.bigswitch.com/press-releases/2017/07/27/big-switch-networks-secures-307mm-in-incremental-capital


  •  In January, Big Switch announced new capabilities for its Big Cloud Fabric (BCF), including comprehensive networking support for hyper-converged solutions powered by VMware vSAN and virtual desktop and application solutions with VMware Horizon, as well as multi-container networking support for Mesosphere DC/OS and Kubernetes container orchestration platforms, including Red Hat OpenShift Container Platform.

Friday, July 14, 2017

Vitalpointz Targets the Edge

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

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


The Need for Edge Computing

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

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

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

The Vitalpointz Application Forking Engine

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

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

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

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

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


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

Monday, July 10, 2017

AT&T partners with Coral to launch $200m VC fund

AT&T announced it is committing to invest up to $200 million in a venture capital fund as part of its ongoing effort to develop solutions to address current and emerging technology challenges.

Under the program, AT&T will work with venture capital firm Coral's Communications Industry Platform (CIP) team to identify and invest in start-up companies that are focused on developing technology for connected services and platforms.  AT&T and Coral will also seek to identify additional companies interested in investing in the fund.

The new fund will specifically invest in technologies that run on the Open Network Automation Platform (ONAP) operating system for software-defined networks. AT&T noted that ONAP was created through the merging of a platform developed by AT&T Labs and an existing open source project.

ONAP is currently being used to manage the company's own cloud network, and is now an open source platform hosted by the Linux Foundation that is increasingly being adopted as the standard for virtualised networks worldwide.

AT&T stated that this latest investment initiative builds on its existing innovation programs that encompass AT&T Labs and the AT&T Foundry innovation centre that were established in 2011 to support work with the start-up companies and the open source community.

Coral Group is a venture capital firm that specialises in telecom systems integration, Internet-based consumer and enterprise-facing applications and services. The Communications Industry Platform (CIP) combines venture capital and integrated solutions to help communication service providers address strategic challenges. Coral has provided VC funding to companies including Calix, Flexlight Networks, Infinera and Picolight.


Regarding the initiative, Andre Fuetsch, CTO and president of AT&T Labs, noted, "This investment is part of AT&T's push to address the needs of global service providers… it will collaborate with Coral and other CIP members to find, and even create, start-up companies to build disruptive technologies to solve these challenges".


Tuesday, June 27, 2017

NEC deploys 128 Technology in Japan

128 Technology of Burlington, Massachusetts, a provider of session-oriented routing solutions, announced that Japan's NEC Networks and System Integration (NESIC) has deployed the 128T Networking Platform (128T) to interconnect four sites in Tokyo, Kanagawa, Osaka and Myanmar.

In addition to using the 128T platform for its own corporate requirements, NESIC will also offer 128T to its approximately 5,000 enterprise, telecommunication and government customers worldwide with the aim of improving the quality, security, and reliability of their WANs.

Headquartered in Tokyo with 62 offices worldwide, NESIC provides integrated ICT solutions and services, ranging from planning and consulting to system design and integration, construction and maintenance, operation, outsourcing and business process outsourcing.

The 128T solution is based on Secure Vector Routing (SVR) technology, which is claimed to offer a fundamentally new approach to networking that enables customers to build context-aware networks that can dynamically and securely extend across network boundaries without the need for complex tunnelling and overlay technologies.

128T can be implemented to address a range of routing applications from the branch office, across the WAN and within and between private and public clouds. The platform is software-based and can be deployed to either augment or replace existing network routing solutions. 128 Technology enables customers such as NESIC to both cost-effectively build and offer networks designed to provide greater agility, security and control between distributed locations.



  • Founded in 2014 and launched in 2016, 128 Technology announced in May 2017 that it had raised $21.5 million in Series C funding, bringing total funding to $57 million. Investors in the round included executive management and current employees of the company, individual investors, as well as G20 Ventures. 128 Technology stated that it would use the financing to expand its global presence and accelerate the expansion of the 128T Networking Platform

  • 128 Technology previously announced a seed funding round of $4 million in July 2014, a $12 million Series A round in December 2014 and a $20 million Series B funding round in December 2015.

Friday, June 23, 2017

France-based Kalray raises $26m for Manycore Silicon

France-based Kalray, a fabless developer of high-performance, low-power 'manycore' microprocessors:

1.         Founded as a spin-off by technology investment firm CEA Investissement in 2008 and developer of the patented massively parallel manycore architecture, MPPA (massively parallel processor array).

2.         Offering manycore processors designed to enable high performance computing with low power consumption and low latency targeting embedded applications including autonomous vehicles and acceleration in data centres.
Has announced the completion of a new round of funding totalling $26 million that was led by new investor Safran, with participation from Asian investor, Pengpai, also a new investor, ACE Management, CEA Investissement, EUREKAP! Héléa Financière and INOCAP Gestion. Kalray has raised a total of over $65 million in capital and public funding from investors including Bpifrance.

Kalray stated that the new funding round will be used to accelerate the commercial exploitation of its existing solutions and to begin the development of the MPPA Coolidge, its 3rd generation of microprocessors, which is scheduled to be released in 2018. It also plans to expand its team, in particular its engineering team in Grenoble, and to strengthen its commercial network internationally. Leveraging a fabless model, Kalray has partnered with major chip company TSMC for production of its solution.

The company noted that since its spin-off from CEA in 2008 it has developed the massively parallel manycore architecture for its microprocessors that is protected by over 20 international patents. The MPPA technology is designed to increase processors' real-time processing abilities while maintaining low power consumption.

Kalray's microprocessors are utilised in two key markets - critical embedded applications (such as aeronautics/defence and autonomous vehicles), and data centres, for storage acceleration and high-speed networking).


The company stated that it is expanding its international presence, and now has 65 employees, distributed across its home base in Grenoble, France and its North American operation in Los Altos, California. Kalray also has an office in Tokyo, Japan.


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/

See also