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

Tuesday, June 16, 2020

Credo raises $100 million for serial connectivity devices

Credo, which develops Serializer-Deserializer (SerDes) technology for 100G, 400G, and 800G, closed $100 million in a Series D funding round. Funds & accounts managed by BlackRock led the funding round.

Credo is based in San Jose, California. The company's high performance, low power serial connectivity solutions are designed for next generation platforms requiring 25G, 50G, and 100G signal lane-rate connectivity for 100G, 200G, 400G, and 800G port enabled networks.

Credo’s solutions have been adopted and implemented by leading data centers, networking OEMs and ODMs, and optical transceiver manufacturers. The company has pioneered the development and deployment of HiWire™ Active Electrical Cables (AEC). Plug & play AECs deliver the simple functionality and speed of optical cables without the expense and high energy draw of optics. Built-in retiming and fully equalized signals make AEC a high-performance alternative to the risk and hassles of DAC for in-rack and mid-tier interconnects.

Credo is a founding member of the HiWire Consortium.

"Raising $100M in this round of funding with support from new and existing investors puts us in a very strong position," said Bill Brennan, CEO of Credo. "This enables us to accelerate deployment of our current 400Gbps products, as well as to extend our high-speed connectivity leadership with next generation 800Gbps solutions."

https://www.credosemi.com

Thursday, May 21, 2020

Couchbase raises $105 million in Series G for NoSQL database

Couchbase, which offers a NoSQL database, raised $105 million in its Series G round of fundraising.

The new funding round was led by GPI Capital, also included oversubscribed participation from existing investors Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, Adams Street Partners, and Mayfield.

Couchbase said its customer base now exceeds 500 enterprises, including over 30% of the Fortune 100. In its latest fiscal year, the company reports over 70% total contract value growth, 50%+ new business growth, and 35%+ growth in average subscription deal size.  The company has nearly $100M in committed annual recurring revenue.

“To be competitive today, enterprises must transform digitally and use technology to get closer to their customers and improve the productivity of their workforces.  To do so, they require a cloud-native database built specifically to support modern web, mobile and IoT applications.  Application developers and enterprise architects rely on Couchbase to enable agile application development on a platform that performs at scale, from the public cloud to the edge, and provides operational simplicity and reliability,” said Couchbase President and CEO Matt Cain. “More and more, the largest companies in the world truly run their businesses on Couchbase, architecting their most business-critical applications on our platform.  This has become even more pronounced today as all companies are closely evaluating their digital strategies while carefully managing their capital allocation plans. Completing this funding round in the current climate is a testament to the importance of modern databases and the relevance of Couchbase as we continue our path to becoming a large, public company.”

Couchbase is headquartered in Santa Clara, California.

Tuesday, May 12, 2020

Intel bets $132 million on 11 start-ups

Intel Capital announced investments totaling $132 million in 11 startups, and the company says it is on track to invest between $300 million and $500 million in technology companies in 2020, spanning technology domains in artificial intelligence, intelligent edge and network transformation.

Intel Capital’s New Investments:

  • Anodot (Redwood City, Calif.) uses machine learning to drive the future of analytics — autonomous business monitoring. Fortune 500 companies across telco, finance and digital sectors rely on Anodot’s real-time, contextual alerts to catch the incidents that impact revenue and costs. Examples include drops in success rate, customer incidents, app performance and other business metrics. By helping business users find and fix incidents quickly, Anodot helps customers cut incident management by as much as 80%.
  • Astera Labs (Santa Clara, Calif.) is a fabless semiconductor company that develops purpose-built connectivity solutions for data-centric systems to remove performance bottlenecks in compute-intensive workloads such as artificial intelligence and machine learning. The company’s product portfolio includes system-aware semiconductor integrated circuits, boards and services to enable robust connectivity for PCI Express® (PCIe®) and Compute Express Link™ (CXL) solutions.
  • Axonne (Sunnyvale, Calif.) develops next-generation high-speed Ethernet network connectivity solutions for automobiles. Axonne’s solutions integrate systems in the connected car, such as autonomous driving sensors and displays with compute clusters. The company’s proprietary mixed signal circuits, algorithms and digital signal processing help with demanding applications, such as autonomous driving and infotainment, that require a high degree of functional safety, reliability, security and electric vehicle-friendly power efficiency. These solutions also help to ease the transition of in-vehicle legacy electrical/electronic architectures to scalable and adaptable service-based zones and beyond.
  • Hypersonix (San Jose, Calif.) is an AI-powered autonomous analytics platform designed for consumer industries such as retail, restaurants, hospitality and ecommerce. Decision-makers need real-time actionable insights from disparate data sources, such as regional business performance or web traffic. Hypersonix’s platform empowers customers to make faster and smarter decisions that drive profitability, productivity and customer engagement through simple voice and text search, data visualization and interpretation.
  • KFBIO (Zhejiang, China) is a biotech company that builds digital pathology systems. Its pathology scanner improves on traditional microscopes with digital capabilities and connectivity. KFBIO’s medical image processing uses big data, cloud computing and AI to quickly and reliably scan and digitize images, making them easier to share for remote consultation with experts, and improve speed and accuracy of AI-aided pathologist diagnoses.
  • Lilt (San Francisco) aims to make the world’s information accessible to all with AI-powered language translation software and services. Traditional translation services can be time-consuming and costly – impeding companies from translating all the information that could be useful. Lilt’s software provides accurate, localized and cost-effective translation. Combining adaptive neural machine translation technology, a translation management system and professional translators, Lilt enables organizations to use language translation to scale their localization programs, accelerate go-to-market strategies and improve the global customer experience.
  • MemVerge (Milpitas, Calif.) is a software company founded on the vision that every application should run in memory. MemVerge's Memory Machine™ software is the foundation for a new era of Big Memory computing, providing petabyte-size pools of shared persistent memory and powerful data services so that data-centric applications such as AI, machine learning, financial market data analytics and high-performance computing are easier to develop and deploy. MemVerge's Big Memory software lowers the cost of memory, allows it to scale out and makes it highly available with memory data services such as ZeroIO™ snapshot, memory replication, and lightning-fast recovery.
  • ProPlus Electronics (Shandong, China) is an electronic design automation (“EDA”) company, specializing in advanced device modeling and fast circuit simulation solutions. ProPlus helps to close the divide between design and manufacturing with software that makes chip design faster and fabrication yields higher, allowing the semiconductor industry to create more powerful and diverse products.
  • Retrace (San Francisco) believes that smarter, more innovative use of dental data is essential for reducing the oral disease burden. Retrace applies artificial intelligence and other advanced technology in its predictive analytics platform that uses real-time data to improve dental decision-making. Retrace empowers health plans, providers, and patients to create a more cost-effective, evidence-based oral healthcare experience.
  • Spectrum Materials (Fujian, China) is a high-purity specialty gas and material supplier for semiconductor fabs. It has one of the largest germane production bases in Quanzhou, Fujian. Led by veteran industry experts, Spectrum Materials is dedicated to providing critical specialty gas and material solutions for advanced process node applications of multiple leading fabs around the world.
  • Xsight Labs (Kiryat Gat, Israel) develops innovative technology for accelerating next generation, cloud-based, data-intensive workloads such as machine learning, data analytics and disaggregated storage. In this data-centric era with exponential bandwidth growth, Xsight provides new chipset designs that enhance scalability, performance and efficiency.


https://newsroom.intel.com/news/intel-capital-invests-132-million-11-disruptive-technology-startups/#gs.6fgcf1

Thursday, April 16, 2020

Stamus raises $1.5M for cybersecurity software

Stamus Networks, a start-up with offices in Indianapolis and Paris, France, announced $1.5 million in seed funding for its cybersecurity software.

The company said its approach clearly illuminates threats by correlating network traffic analysis and threat detection in real time.  The company was founded by the creators of the widely-deployed open source SELKS platform.

VisionTech Angels and Elevate Ventures, both Indianapolis-based investment groups, co-led the investment round. In addition, several independent angel investors participated.

“Stamus Networks addresses an important need in the marketplace for enterprise-scale cybersecurity and has created a unique enriched threat hunting solution,” said Vercie Lark, VIssionTech Angels investor and retired CIO. “Customers have told us the company’s Scirius platform allows them to replace several existing products and is very effective at proactively uncovering real threats. One of the most important factors we consider with any investment is the quality of the management team. Stamus Networks’ team brings a solid track record in the cybersecurity space with both commercial and technical successes.”

https://stamus-networks.com

Tuesday, April 14, 2020

Source Photonics secures $40 million for optical tranceivers

Source Photonics recently closed more than $40 million in equity to support its production of optical transceivers.

Source Photonics said its new investment amidst the coronavirus pandemic reflects the investors’ confidence in the company’s long-term vision and business strategy. The latest funding will be used to further expand the company’s 5G product line and upgrade its own EML laser chip production facilities while continuing to strengthen the research and development of its low-cost solutions and next-generation technologies.

The company notes that its factory in Chengdu, China, has been operational since early February and that its proactive response to opening its production earlier than most companies in the region proved its commitment to supply chain continuity as its products are deemed essential to Internet and telecommunications systems. In addition, its factories in Jintan, Mainland China, and in Hsinchu, Taiwan, are also up and running.

“We value our investors’ trust and confidence in Source Photonics especially during these challenging times of public health and economic crisis,” says Weiming Li, CEO and President of Source Photonics. “Their enthusiasm and confidence in us prove that our team is on the right track as we focus on responding rapidly to our customers’ needs and developing advanced technologies to cope with the increasing demand for bandwidth. Our next step is to seize the global market opportunity as demand for networking and cloud services skyrocketed as millions of people around the world are working and learning from home.”

Source Photonics’ integrated manufacturing approach is critical in managing the entire value chain from laser production through transceiver assembly. This gives Source Photonics a differentiated capability that allows flexibility during this time of COVID-19 pandemic. With the latest funding, the company is well-positioned to enhance speed to market, yield manufacturing innovations, and offer flexibility our customers need to address the increase in demand for more bandwidth.

http://www.sourcephotonics.com

Thursday, April 9, 2020

Cohesity raises $250 million for its web-scale data management

Cohesity, which offers a web-scale platform for data management, announced $250 million in Series E funding. The San Jose, California-based start-up is now valued at $2.5 billion, more than double the valuation from the company’s Series D round less than two years ago. With the new funding, Cohesity’s total funding since inception exceeds $650 million.

Cohesity specializes in hyperconverged secondary storage. Its hyperconverged appliance consolidates all secondary data and associated management functions on one unified solution, including backups, files, objects, test/dev copies, and analytics.
The company cited the following recent milestones:

  • 150 percent increase in recurring revenue, emphasizing the success of the company’s subscription-based software model.
  • 100 percent increase in customers as well as data under management.
  • 135 percent increase in the number of Cohesity’s new and existing customers that have licensed the company’s cloud capabilities.

“Closing a major funding round during these times of economic uncertainty is testament to the promise that our investors see in Cohesity,” said Mohit Aron, CEO and founder, Cohesity. “More enterprises globally are abandoning legacy offerings in favor of our modern, software-defined approach to data management that is incredibly simple to use -- critical during these challenging times as customers are looking to reduce total cost of ownership while enabling remote IT teams.”

The new funding was led by DFJ Growth, Foundation Capital, Greenspring Associates, and Wing Venture Capital. DFJ Growth and Greenspring Associates are new investors as are Baillie Gifford and Sozo Ventures. The round also includes broad support from existing investors, including Sequoia Capital and SoftBank Vision Fund 1, as well as strategic investors Hewlett Packard Enterprise and Cisco Investments.

Monday, March 2, 2020

Lockheed Martin Ventures invests in Ayar Labs

Lockheed Martin Ventures has made a strategic investment in Ayar Labs, a start-up that is developing  monolithic in-package optical I/O (MIPO) solution for applications that require high bandwidth, low latency and power efficient short reach interconnects. Financial terms were not disclosed.

Ayar Labs publicly demonstrated its monolithic electronic photonic TeraPHY chiplet at the Supercomputing 2019 conference and is now working with select semiconductor manufacturers, OEM systems builders, and end users on sampling and co-design partnerships in 2020. The company is based in Santa Clara, California.

“We are excited to welcome Lockheed Martin Ventures as a strategic investor,” said Charles Wuischpard, CEO of Ayar Labs. “Working with key system integrators like Lockheed Martin, who really understand the value of our solution and how to design it into future complex systems, is incredibly important. In that sense, we view this relationship as more than funding alone, but as an important long-term working relationship as well.”

Ayar Labs selected for Intel’s DARPA PIPES Project

Ayar Labs has been selected as Intel’s optical I/O solution partner for their recently awarded DARPA PIPES (Photonics in Package for Extreme Scalability) project.

The PIPES project aims to develop integrated optical I/O solutions co-packaged with next generation FPGA/CPU/GPU and accelerators in Multi-Chip Packages (MCP) to provide extreme data rates (input/output) at ultra-low power over much longer distances than supported by current technology. In the first phase of the project, the Ayar Labs TeraPHY chiplet will be co-packaged with an Intel FPGA using the AIB (Advanced Interconnect Bus) interface and Intel’s EMIB silicon-bridge packaging. “We’re seeing an explosion of Datacenter workloads that have an insatiable demand for bandwidth and the need to connect devices at rack-scale distances,” said Vince Hu, VP of Strategy and Innovation for Intel’s FPGA products. “The best way to do that is with optical interconnect and by using an Ayar Labs chiplet(s), we can achieve very high bandwidth at low latency and low power consumption.”

“Bringing optical connectivity all the way into the CPU/SOC package has long been one of the ‘Holy Grail’ projects in High Performance and Hyperscale Computing, as it unleashes the performance of ever more powerful computing and network processors and removes a major bottleneck and set of constraints in systems architecture and design,” said Charles Wuischpard, CEO of Ayar Labs, “Moreover, the energy consumed in moving data through a system is now very significant and growing, and the best way to manage that is to move the data optically from end to end. We are pleased to be selected by Intel as the optical solution for their DARPA PIPES project and look forward to a multi-year collaboration.”

The TeraPHY chiplet is manufactured on GLOBALFOUNDRIES' 45nm platform, which enabled Ayar Labs to build a monolithic, single-die solution that integrates both electrical and optical photonic circuits and devices on a single chip.

“We have worked in close collaboration with Ayar Labs to deliver a new class of integrated electronic, photonics solutions,” said Anthony Yu, vice president of Computing and Wired Infrastructure at GF. “Going forward, we’re excited to work with the pioneers at Ayar Labs to continue disrupting the market by combining our next generation 45nm platform, targeted to future CMOS-based photonics solutions, with their differentiated technology that will push the limits of chip communication bandwidth for high-performance computing, cloud and AI applications.”

Ayar Labs also announced customer sampling of its fully integrated TeraPHY chiplet starting in early Q1 2020.

http://www.ayarlabs.com

Sunday, February 9, 2020

Netskope raises a whopping $340M for its Secure Access Server Edge

Netskope, a start-up based in Santa Clara, California, raised $340 million in a new funding for its secure access server edge (SASE) and cloud security solutions.

The funding round led by new investor Sequoia Capital Global Equities. New investors Canada Pension Plan Investment Board and PSP Investments participated, as well as all existing investors including Lightspeed Venture Partners, Accel, Base Partners, ICONIQ Capital, Sapphire Ventures, Geodesic Capital and Social Capital. Following this investment, the company has achieved a valuation of nearly $3 billion.

The Netskope Security Cloud Platform provides visibility and real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere, on any device. The solution combines next-generation secure web gateway (SWG) capabilities, zero trust secure access, advanced machine learning to detect unauthorized data exfiltration, and advanced threat protection to prevent cloud-based attacks that often evade legacy defenses.

“When we started Netskope in 2012, it was clear that the cloud was changing everything, but few saw how it would disrupt security,” said Sanjay Beri, CEO of Netskope. “Since inception, we have always focused on architecting a true cloud platform that, over time, will secure and govern all of an enterprise’s traffic as the perimeter evolves into a new high-performance worldwide cloud edge. This latest investment from the top enterprise and security investors in the world is proof of not only our enormous success in establishing Netskope as the new gold standard for cloud-delivered security, but also that the astounding level of global demand we’re seeing today is just the tip of the iceberg.”

“Netskope has become the unrivaled leader driving innovation across cloud, data and network security, which makes up the largest part of today's security market,” said Patrick Fu, managing partner at Sequoia Capital Global Equities. “Netskope is raising the bar for game changers who are successfully pushing beyond the limitations of existing technology to reshape a market. Sanjay and the entire Netskope team are on an incredible trajectory, and we are thrilled to partner with this talented team for the long term.”

Netskope 2019 Momentum Highlights

  • 80 percent year-over-year growth in number of customers, which includes 25 percent of the Fortune 100
  • Nearly 50 percent growth in employee headcount, with significant investments in engineering and sales
  • Expanded executive bench to include CFO Drew Del Matto, Chief Development Officer David Wu, and SVP Platform Engineering Joe DePalo
  • Opened new worldwide offices in Paris, São Paulo, Seattle, New York, St. Louis, San Francisco, Tokyo and a new headquarters in Santa Clara
  • Expanded internationally in Australia, Singapore, Chile, Columbia, Brazil, Mexico, Italy, Spain, and Germany
  • Named a Leader in the Gartner Magic Quadrant for Cloud Access Security Brokers (CASBs) for the third year in a row
  • Ranked among the Forbes Cloud 100 for the third year in a row, rising 25 spots from last year’s placement to #64
  • Launched NewEdge, the globally distributed network that enables the Netskope cloud-native security platform to deliver real-time security without compromising performance
  • Released the industry’s only next-generation SWG solution that seamlessly consolidates inline cloud-native SWG, inline cloud-native CASB and Cloud DLP capabilities
  • Unveiled Netskope Private Access, a cloud-based service for secure access to private enterprise applications in both the public cloud and the data center
  • Opened 26 new data centers to allow Netskope to run on one of the world’s largest and fastest security networks NewEdge, enabling the Netskope cloud-native security platform to deliver real-time security without compromising performance


Monday, February 3, 2020

USVP closes $340M Eearly-stage venture capital fund

U.S. Venture Partners (USVP), a leading Silicon Valley venture capital firm, announced the closing of USVP XII, a $340M fund.

USVP said its strategy is to be the lead Series A investor in companies based in the U.S. or Israel in four core sectors: cybersecurity, enterprise software, consumer and healthcare—including the emerging digital health sector.

USVP XII follows USVP XI, a successful $300M fund that is now fully invested.

“With USVP XII, we are pleased to continue building on our extensive track record of successful early-stage VC investing,” said Rick Lewis, General Partner. “In addition to a multi-decade track record of success, USVP has demonstrated exceptionally strong performance in recent years. In the last three years, USVP portfolio company exits have generated $933M in proceeds to USVP funds. Over the past decade, USVP has distributed over $2B to our investors. And 2019 was the eighth consecutive year that USVP distributions to limited partners exceeded called capital.”

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