Showing posts with label Funding. Show all posts
Showing posts with label Funding. Show all posts

Monday, January 27, 2020

Iguazio raises $24M for its data science platform

Iguazio, a start-up based in Herzliya, Israel, raised $24 million in funding for its data science platform for real time machine learning applications.

The Iguazio data science platform helps data scientists create real-time AI applications while working within their chosen machine learning stack.

The funding was was led by INCapital Ventures, with participation from existing and new investors, including Pitango, Verizon Ventures, Magma Venture Partners, Samsung SDS, Kensington Capital Partners, Plaza Ventures and Silverton Capital Ventures.

“This is a pivotal time for AI. Our platform helps data scientists push the limits of their real-time AI applications and see their impact in real business environments,” said Asaf Somekh, co-founder and CEO of Iguazio. “With support from INCapital, Kensington Capital Partners, and our other investors, we are ready to expand our international team and reach our ambitious goals.”

http://www.iguazio.com

Thursday, January 23, 2020

CloudKnox raises $12M for identity authorization for cloud

CloudKnox Security, a start-up based in Sunnyvale, California, raised $12 million for its work in identity authorization for hybrid and multi-cloud environments.

CloudKnox recently added new privilege-on-demand, auto remediation and anomaly detection capabilities, integration with AWS IAM Access Analyzer and support for VMware Cloud on AWS. The company was also recently awarded two patents: the first for activity-based access control in heterogeneous environments; and the second for a method and system to detect discrepancy in infrastructure security configurations.

The funding round was led by Sorenson Ventures with participation from early investors, including ClearSky Security, Dell Technologies Capital and Foundation Capital. This brings total funding raised to date to $22.75M.

CloudKnox also announced several key additions to the company’s board and executive team. Stephen Ward, CISO at The Home Depot; Ken Elefant, managing partner at Sorenson Ventures and Suresh Batchu, co-founder and CTO at MobileIron, joined the company’s Board of Directors. The company also appointed John Donnelly as vice president of sales. John has more than 30 years of experience as a sales leader, including roles as VP of sales for MobileIron, Vontu and, most recently, as a sales advisor for ClearSky Security and Wing Venture Capital.

“We’ve seen exceptional growth from customers and prospects looking to address the number one risk in their cloud infrastructure,” said Balaji Parimi, CEO and founder at CloudKnox Security. “This positioned us to pre-emptively secure another round of funding to leverage strong market adoption and accelerate our customer expansion. We’re delighted to have Sorenson Ventures join our current investors, who continue to show their commitment to our success, welcome John to our team, and Stephen and Suresh to our board.”

Tuesday, January 21, 2020

Skylo raises $103M for IoT over existing geostationary satellites

Skylo, a start-up based in San Mateo, California, emerged from stealth to unveil its plans to create "the world’s most affordable and ubiquitous network that connects any machine or sensor.

Skylo will leverage the cellular Narrowband Internet of Things (NB-IoT) protocol via satellite, making it possible to instantly connect billions of sensors on objects and machines in remote areas. Skylo’s new satellite connectivity will use existing geostationary satellites without the need to add new infrastructure in space. The company says it has proven its end-to-end technology and completed successful commercial field trials with major enterprise and government customers. The company’s customers already include enterprise and government entities in a range of industries including automotive, railways, agriculture and maritime.

Skylo recently completed a Series B round of funding which raised $103 million, led by SoftBank Group and joined by all existing investors. The company previously raised $13 million in a Series A round that was co-led by DCM and Innovation Endeavors, and joined by Moore Strategic Ventures. The new

“Skylo envisions a world where connectivity for machines, sensors and devices is as ubiquitous as the sky,” said Skylo co-founder and CEO Parthsarathi “Parth” Trivedi. “This low-cost, global fabric of connectivity for machine data will be transformative for entire industries.”

Skylo’s end-to-end solution encompasses the Skylo Hub, the Skylo Network, the Skylo Data Platform and Skylo API. Mass manufacturing of the Skylo Hub is underway and the Skylo Network is already live with early customers.

  • Skylo Hub — The Skylo Hub is a self-installed, easy-to-use satellite terminal that connects to the Skylo Network. It has a suite of onboard sensors to sense geolocation and acceleration, and operates like a wireless “hot spot” for a variety of external sensors such as vehicle on-board diagnostics (OBD2), temperature sensors, and standard mobile or tablet devices. The Hub uses off-the-shelf components from the cellular world, which drastically reduces the cost of the Hub and increases sensor and device compatibility. Skylo’s digitally-steered antenna technology makes the device so compact that the Hub itself is 8” x 8”, and the antenna can even be OEM-installed onto most vehicles, utilities infrastructure, and other industrial equipment. The Skylo Hub has a built-in battery, or can connect directly to external power sources, including solar.
  • Skylo Network — Skylo has also developed a proprietary method of efficiently transmitting data; this technology minimizes satellite usage costs, a cost savings that is passed onto Skylo customers.
  • Skylo Data Platform and Skylo API — The Skylo Data Platform and API helps customers to manage their Skylo Hubs remotely and visualize, analyze and act on the data that is generated, sent, and received via connected devices.

Skylo was founded in 2017 by CEO Parth Trivedi, Chief Technology Officer Dr. Andrew Nuttall and Chief Hub Architect Dr. Andrew Kalman. The company’s current Board of Directors includes Board Chairman former U.S. Ambassador Terry Kramer, David Chao of DCM, Scott Brady of Innovation Endeavors, Harpinder “Harpi” Singh of Innovation Endeavors, and Skylo CEO Trivedi. Following the receipt of required regulatory approvals, SoftBank Group will also have a representative on the Board of Directors, who will be Yoshi Segawa. Skylo has offices in San Mateo, Calif., Bangalore, India, and Tel Aviv, Israel, and is growing the team globally to support its fast-growing customer base.

Wednesday, January 15, 2020

Zinier raises $90M for AI-driven automation

Zinier, a start-up based in San Mateo, California, raised $90 million in Series C funding for its efforts to transform field service workforces with AI-driven automation.

Zinier said its intelligent field service automation platform, called ISAC, helps organizations work smarter—from the back office to the field—to solve problems more quickly, fix things before they break, and maintain the services that we rely on every day.

“Services that we rely on every day - electricity, transportation, communication - are getting by on centuries-old infrastructure that requires a major upgrade for the next generation of users,” said Arka Dhar, co-founder and CEO of Zinier. “A field service workforce powered by both people and automation is necessary to execute the massive amount of work required to not only maintain these critical human infrastructures, but to also prepare for growth. Our team is focused on enabling this transformation across industries through intelligent field service automation.”

New investor ICONIQ Capital led the round with new participation from Tiger Global Management, and return investors Accel, Founders Fund, Nokia-backed NGP Capital, France-based Newfund Capital and Qualcomm Ventures LLC. The funding will support global customer adoption and expansion of Zinier’s AI-driven field service automation platform, ISAC.

http://www.zinier.com

Sunday, November 17, 2019

Docker to focus on developer workflows, secures $35 million in funding

Docker announced a recapitalization of its equity along with $35 million in new financing from previous investors Benchmark Capital and Insight Partners.

The company said it will focus on developers’ workflows when building, sharing and running modern applications.

“I joined Docker to lead the next phase of its growth. After conducting thorough analysis with the management team and the Board of Directors, we determined that Docker had two very distinct and different businesses: one an active developer business, and the other a growing enterprise business. We also found that the product and the financial models were vastly different. This led to the decision to restructure the company and separate the two businesses, which is the best thing for customers and to enable Docker’s industry-leading technology to thrive,” said Rob Bearden, chief executive officer of Docker.

“Addressing the needs of developers has been core to Docker since its inception. Developers want the freedom to choose their own tools, the flexibility to quickly try new technologies and the ability to deploy their applications anywhere, independent of the underlying infrastructure,” said Scott Johnston, chief product officer, Docker. “Going forward, in partnership with the community and ecosystem, we will expand Docker Desktop and Docker Hub’s roles in the developer workflow for modern apps. Specifically, we are investing in expanding our cloud services to enable developers to quickly discover technologies for use when building applications, to easily share these apps with teammates and the community, and to run apps frictionlessly on any Kubernetes endpoint, whether locally or in the cloud. It’s an honor to lead Docker in this next phase of its journey.”

https://www.docker.com/blog/docker-next-chapter-advancing-developer-workflows-for-modern-apps

Wednesday, September 25, 2019

Bigleaf raises $21 million for its SD-WAN

Bigleaf Networks, a start-up based in Beaverton, Oregon, announced $21 million in Series B funding for its cloud-first SD-WAN.

Bigleaf says that while current networking technologies have been built for the large enterprise use-case of site-to-site networking, there is a gap for SMB and mid-sized companies seeking SD-WAN solutions.

Bigleaf is exclusively focused on partner-led channels, including telecom operators.

The funding round was led by Updata Partners with participation from the Oregon Venture Fund, SeaChange Fund, and other existing investors.

https://www.bigleaf.net

Thursday, September 19, 2019

128 Technology raises $30M for smart session routing

128 Technology, a start-up based in Burlington, Massachusetts, closed $30 million in Series D financing for its "Session Smart" Routing technology.

“The latest round of funding comes at a pivotal time for 128 Technology, when we’re seeing higher than ever demand for our session-based, service-centric networking approach,” said Andy Ory, CEO of 128 Technology. “As virtualization and cloud are shaping our connected future, 128 Technology’s approach offers users a simple, agile solution and helps enterprises manage their networks efficiently and securely.”

“Andy Ory and his rapidly growing 128 Technology team have disrupted the multi-billion-dollar market for traditional networking by delivering proven, next generation network services that give customers freedom from increased risks, unnecessary costs and vendor lock-in,” said Sonja Hoel Perkins, Managing Director, The Perkins Fund. “As companies around the globe continue to invest in solutions that meet the demands for a new model of virtual networking, 128 Technology has created a large, untapped market opportunity.”

Existing investors all participated in the oversubscribed round, including executive management and current employees of 128 Technology, G20 Ventures, The Perkins Fund and individual investors. The company has raised $97.4 million to date.

Wednesday, September 4, 2019

Federated Wireless raises $51M for CBRS spectrum management

Federated Wireless, a start-up based in Arlington, Virginia, announced $51 million in Series C funding for its Citizens Band Radio Service (CBRS) spectrum management services.

Federated Wireless highlighted its role in the development of CBRS, including:

  • Co-founding the CBRS Alliance
  • Being the first to complete deployment of a nationwide Environmental Sensing Capability (ESC) network
  • Readying multiple customers to deliver CBRS services using its Spectrum Controller (Spectrum Access System or SAS) when commercial services begin this month

The latest funding included contributions from existing investors Allied Minds, American Tower and GIC, Singapore’s sovereign wealth fund, in addition to new investors Pennant Investors and SBA Communications. The

“We passed all of the major hurdles on the road to CBRS deployment in the first half of 2019 and we are fully ready to engage the growing number and types of customers clamoring for access to shared spectrum services,” said Iyad Tarazi, President and CEO of Federated Wireless. “I would like to thank Allied Minds, American Tower, GIC, Pennant Investors and SBA Communications for their support and alignment with our vision for this truly unique opportunity. This funding will propel us, and by extension the CBRS industry as a whole, to new heights, helping us to ensure that we are able to not only meet but exceed the needs of the customers and partners who have collaborated so closely with us to make this vision a reality.”

http://www.federatedwireless.com

Tuesday, August 27, 2019

Vantage Data Centers raises $692M for North American expansion

Vantage Data Centers raised $548 million in new securitized notes, inclusive of expanded Variable Funding Note undrawn capacity, as well as $144 million in project-based construction debt financing from a consortium of banks.

The company plans to used the funds to refinance existing floating rate credit facilities, significantly reducing interest expense, and to fuel the development of data centers across North America.

“Vantage continues to pioneer not only best-in-class data center infrastructure but also industry-leading capital formation and deployment strategies that together enable the company to meet the demands of our hyperscale customers,” said Sharif Metwalli, Vantage’s CFO.

http://www.vantage-dc.com

Thursday, August 22, 2019

Tibit raises $25M for 10G PON Microplug

Tibit Communications, a start-up based in Petaluma, California, announced the completion of the Series B funding led by Intel Capital and including two new investors – Swisscom Ventures and AJU IB Investment.

Tibit's MicroPlug OLT is a network access device for 10-Gigabit optical networking that reduces the amount of application-specific hardware needed for network deployments.The company says its standard-based SFP+ form factor allows the device to plug into almost any 10G switch port, greatly expanding architecture options for carriers. All this is enabled by the Tibit bridge ASIC, which supports a rich feature set across both ITU-T and IEEE 10G PON standards.

"Tibit's MicroPlug OLT and cloud-based management solutions disrupt the PON market in specifically the areas that carriers are looking to unlock on their networks – interoperability, solution disaggregation, and network virtualization. We see their solution as uniquely positioned to help carriers enable next-generation architectures for access and management solutions," according to Pär Lange of Swisscom Ventures.

"We are pleased with the caliber of investors we have attracted to invest in our revolutionary pluggable PON technology," said Richard Stanfield, President and CEO of Tibit. "This includes the Series B participation of Tibit's existing investors, Intel Capital's lead role in this round, and now the entry of the investment arm of global telecommunications leader Swisscom Ventures and Korea's leading venture capital investor AJU IB Investment."

Dave Flanagan, vice president of Intel Corp. and senior managing director of Intel Capital, states that "the Tibit MicroPlug technology is a great example of the power of virtualization. It provides more flexibility, higher density and lower cost by deploying PON in general-purpose Ethernet switching equipment and management solutions, which can be entirely virtualized on Intel® processor-based servers."

The funding round was led by Intel Capital. TiBit was founded in 2014.

http://tibitcom.com/

Monday, August 19, 2019

Rivermeadow raises funding for its multi-cloud migration solution

Rivermeadow Software, a start-up based in Los Gatos, California, announced a secondary investment from CloudScale Capital Partners.

RiverMeadow provides an integrated, end-to-end multi-cloud migration platform and services to reduce the time, cost and risk associated with moving physical, virtual and cloud-based workloads into and between public, private and hybrid clouds. The solution encompasses discovery, assessment, cloud migration, and optimization.

In addition, Matt Bross has joined  RiverMeadow’s Technical Advisory Board.

https://www.rivermeadow.com

Monday, July 1, 2019

TrapX raises $18 million for cyber deception technology

TrapX Security, a start-up based in San Jose, California, closed an $18 million financing round for its cyber deception technology.

The funding round was led by Ibex Investors. Existing TrapX investors, such as BRM, Opus Capital, Intel Capital, Liberty Technology Venture Capital, and Strategic Cyber Ventures also participated in the round.

TrapX's deception technology has a unique approach to threat detection as a “right data” problem, rather than a “big data” problem allowing security teams to change the economics of cyber-attacks. The company was founded in 2012.

Last month, TrapX announced the release of the latest enhancements to the company’s DeceptionGrid platform, which allows its customers to launch a virtual army of artificial users to expose cyber attackers. The company has also formed a cyber-deception user community called DeceptionNet to share deception strategies, new types of traps (decoys), and third-party connectors to greatly enhance the effectiveness of deception.

http://www.trapx.com

Monday, June 24, 2019

Vectra raises $100m for its AI-driven cloud security

Vectra, a start-up based in San Jose, California, announced $100 million in new funding for its artificial intelligence (AI)-driven cloud security using network detection and response.

Vectra's Cognito platform promises 360-degree visibility into cloud, data center, user and internet-of-things (IoT) infrastructure. The company reports 104% growth in annual recurring revenue in 2018 compared to 2017. The company will continue to ramp up initiatives aimed at addressing the global deficit in cloud security, innovating on its existing platform and expanding its global customer base.

The new funding was led by TCV and included existing investors. This brings the company’s total funding to date to more than $200 million.

“The cloud has inherent security blind spots, making it imperative to eliminate cyber-risks as enterprises move their business to the cloud,” said Hitesh Sheth, president and chief executive officer at Vectra. “The Cognito platform enables them to stop hidden cyberattacks in the cloud. We look forward to partnering with TCV and our existing investors as we continue our rapid growth.”

Wednesday, May 8, 2019

Altiostar raises $114 million for its open vRAN

Altiostar, a start-up based in  Tewksbury, Mass., closed a $114 million Series C round of financing for its open virtualized RAN (open vRAN) technology.

Rakuten, which is preparing to launch a greenfield mobile network in Japan later this year, is coming on board as an investor. Rakuten is deploying the Altiostar solution in their mobile network and the companies are collaborating on the development of 5G solutions.

In early 2018, Qualcomm Ventures LLC and Tech Mahindra also participated in the C-round as investors. Qualcomm has entered into a development collaboration agreement with Altiostar. Tech Mahindra has signed a value-added-reseller/system integrator contract with Altiostar.

"A round of this magnitude, backed by global technology leaders like Rakuten, Qualcomm Ventures and Tech Mahindra, signifies the immense 5G opportunity we have in front of us as well as the progress we have made developing our virtualized RAN technology. Our unique open vRAN solution is designed to improve the quality of experience, enhance spectral efficiency and significantly reduce Total Cost of Ownership. With this funding, and these strategic partners, we're excited about our ability to deliver this breakthrough software defined solution to network operators globally as they prepare for the 5G future," said Ashraf M. Dahod, president and chief executive officer at Altiostar.

http://www.altiostar.com

  • Altiostar provides a 5G-ready virtualized RAN software solution that supports open interfaces and disaggregates the hardware from the software to build an open multi-vendor web-scale network. The Altiostar solution supports macro and small cells, indoor and outdoor, enabling interference management, carrier aggregation and dual reception.

Wednesday, May 1, 2019

Aryaka raises $50M Series F for Global Managed SD-WAN

Aryaka, a start-up based in San Mateo, California, closed a $50 million Series F round for expanding its global, managed SD-WAN solution.

The funding round was led by Goldman Sachs Private Capital Investing and joined by existing investors including Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, InterWest Partners, Presidio Ventures, Third Point Ventures and DTCP. This brings Aryaka’s total funding to $184 million.

“We’re constantly evaluating the market for high-growth companies that are leaders in their space. Our research shows that Aryaka offers a compelling solution for the SD-WAN market that continues to grow exponentially including increased adoption of SD-WAN managed services,” said Matthew Dorr, vice president at Goldman Sachs Private Capital Investing. “We decided to invest in Aryaka because of their highly differentiated offering, strong customer base, global footprint and their experienced management team.”

“We are pleased to receive this investment from Goldman Sachs. This new investment allows us to further accelerate our business momentum and endorses our growth strategy,” said Matt Carter, CEO of Aryaka. “We are extremely well positioned to help our customers drive WAN transformation and their multi-cloud and application performance initiatives; all while being delivered ‘as-a-service’.”

Aryaka cited accelerated business growth over the next 12 months, resulting in thousands of globally managed sites and significantly larger annual recurring revenue (ARR) streams. Aryaka has partnerships with the leading public cloud providers including AWS, Microsoft Azure, Google, Oracle and others. In addition, through partnerships with Palo Alto Networks, Symantec and Zscaler, Aryaka brings a full-fledged security solution to the edge. The company says it currently has more than 800 global customers, including JAS Worldwide, HMSHost International, Makino, Pilot Freight, Element Solutions, Allegis, and City & Guilds Group.

https://www.aryaka.com/

Wednesday, April 17, 2019

CloudGenix raises $65 million for SD-WAN

CloudGenix, a start-up based in San Jose, California, raised $65 million in new funding for its SD-WAN solutions

CloudGenix is known for its AppFabric technology, which ensures application-specific, service-level agreements (SLAs).

The company reports growth of 300% year-over-year, fueled by greater than 90% win-rates against incumbent legacy networking vendors. It customer wins include a large retailer based in Atlanta with more than 2,000 locations.

The recent funding round included existing investors Bain Capital Ventures, Charles River Ventures, Mayfield Fund, and Intel Capital, and new investors including ClearSky. This brings total funding to $100 million.

“We are leading a revolution in the networking industry. We are executing on our vision of delivering autonomous WANs to our customers – enabling them to specify application policies aligned to their business and have the infrastructure choreograph itself. We couldn’t be more thankful to our customers and look forward to serving them in even larger numbers,” said CloudGenix Founder and CEO Kumar Ramachandran.

 https://www.cloudgenix.com/


Monday, April 8, 2019

Tibit raises $20M for 10G PON Microplug

Tibit Communications, a start-up based in Petaluma, California, announced $20 million in Series B funding for its access devices for Passive Optical Networking (PON).

Tibit's MicroPlug OLT is a network access device for 10-Gigabit optical networking that reduces the amount of application-specific hardware needed for network deployments.The company says its standard-based SFP+ form factor allows the device to plug into almost any 10G switch port, greatly expanding architecture options for carriers. All this is enabled by the Tibit bridge ASIC, which supports a rich feature set across both ITU-T and IEEE 10G PON standards.

"The reception from our switch vendor partners and global carriers to our 2018 launch of the MicroPlug OLT has been tremendous," said Richard Stanfield, Tibit CEO and President. "The interest in deploying the Tibit solution across a variety of switch environments is a strong validation of the flexibility we've engineered into our solution."

The funding round was led by Intel Capital. TiBit was founded in 2014.

http://tibitcom.com/

Bitglass raises $70M for Cloud Access Security Broker

Bitglass, a start-up based in Campbell, California, announced $70 million in Series D funding for its Cloud Access Security Broker (CASB).

The funding round was backed by new investor Quadrille Capital and existing investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8.

Bitglass, which was founded in 2013, said it continues rapid global expansion in its roster of customers and partners.

“Cloud adoption is disruptive of incumbents securing networks, servers and other infrastructure,” said Nat Kausik, CEO of Bitglass. “Our Next-Gen CASB uniquely secures against data leakage and threats without installing more hardware and software.”

Wednesday, April 3, 2019

Aqua raises $62M for cloud-native security

Aqua Security, a start-up based in Tel Aviv, Israel, announced $62 million in Series C funding for its cloud-native security solutions.

Aqua’s Cloud Native Security Platform provides visibility and security automation across the entire application lifecycle, using a zero-touch approach to detect and prevent threats while simplifying regulatory compliance. Aqua has extended its platform to support serverless environments, and all major cloud and orchestration environments. Its solutions are available on demand with consumption-based pricing on the recently launched AWS Marketplace for Containers and Google Kubernetes Apps Marketplace, as well as on Azure Marketplace.

Aqua said it now has more than 100 blue-chip companies across the energy, aerospace, internet, media, travel, retail, pharmaceutical and hospitality sectors among its customers. The company also claims that its platform secures five of the world’s ten largest container production deployments.

“We are thrilled to have Insight Partners as investors to propel Aqua’s next phase of growth,” noted Dror Davidoff, CEO and co-founder of Aqua. “The adoption of cloud native technologies provides an opportunity for security to be redefined, addressing the chronic cybersecurity skills shortage through automation, and creating applications that are secure by design. With this significant investment and our focus on the needs of enterprise customers and product innovation, we can take the next step to realize our vision.”

Wednesday, March 20, 2019

Portworx lands $27 million for cloud-native storage and management

Portworx, a start-up based in Los Altos, California, announced $27 million in Series C funding to support its cloud-native storage and data management solutions.

Portworx reduces storage, compute and infrastructure costs for running mission-critical multi-cloud applications while promising zero downtime or data loss. Major customers include GE Digital, Lufthansa Systems, HPE and thirty members of the Fortune Global 2000 or federal agencies.

The oversubscribed funding round was co-led by Sapphire Ventures and the ventures arm of Mubadala Investment Company, with support from existing investors Mayfield Fund and GE Ventures, and new financing from Cisco Investments, HPE, and NetApp. The company has raised $55 million to date.

“Kubernetes alone is not sufficient to handle critical data services that power enterprise applications,” said Murli Thirumale, CEO and co-founder at Portworx. “Portworx cloud-native storage and data management solutions enable enterprises to run all their applications in containers in production. With this investment round the cloud-native industry recognizes Portworx and its incredible team as the container storage and data-management leader. Our customer-first strategy continues to pay off!”

See also