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

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!”

Thursday, February 28, 2019

DOCOMO Ventures Invests in Shoof for IoT tracking

NTT DOCOMO Ventures has made an equity investment in Shoof Technologies, a start-up based in Sunnyvale, California that is developing advanced wireless technology designed for the Industrial IoT.

Shoof claims its technology for asset monitoring and tracking overcomes the unreliable nature of current wireless technology. It offers a cloud platform and equipment such as base stations and tags to track assets in motion in any location in real time. It is applicable to a wide range of industrial markets with unmatched advantages, including scalability, ability for both indoor and outdoor tracking, a long communication range, blockchain-capable security authentication, open-network infrastructure, and is free of maintenance.

Monday, February 11, 2019

STACK issues $850 million in bonds for its data center ambitions

STACK Infrastructure, the new data center company that combines facilities from Infomart Data Centers and IPI Partners,  announced the issuance of $850 million of securitized notes (rated investment grade at A- by Standard & Poor’s).

STACK said it is committed to being the data center industry leader in building and delivering flexible critical infrastructure solutions that meet and support the complex requirements of enterprise and hyperscale deployments.

“This financing immediately positions STACK with the long-term capital structure to support the scaled critical infrastructure demands of our growing clients,” said Brian Cox, Chief Executive Officer. “We are pleased that the offering was well received by investors and believe their confidence highlights the strength of our team and the quality of the platform we’ve assembled. This is just the most recent success of many since STACK launched and there is much more to come."

http://www.stackinfra.com

STACK Infrastructure outlines U.S. data center strategy

STACK Infrastructure, the new data center company that combines facilities from Infomart Data Centers and IPI Partners, unveiled its newly established platform and strategy for rapidly scaling enterprises and hyperscale companies.

STACK, which is underwritten by IPI Partners, combines existing operating data centers in six U.S. markets with significant expansion and development capacity. The company’s offering includes hyperscale campuses and build-to-suit data centers, immediately available wholesale colocation and private data suites, and powered shell options.

The existing STACK operating assets, totaling over 100 megawatts of capacity and approximately 1.5 million square feet in aggregate, include:

Assets previously marketed under the Infomart Data Centers brand:

  • Ashburn, Virginia
  • Portland, Oregon
  • Silicon Valley, California

Other assets already owned by IPI Partners:
  • Atlanta, Georgia
  • Chicago, Illinois
  • Dallas/Fort Worth, Texas (2)
STACK also owns development parcels in Atlanta, Chicago, Dallas/Fort Worth, Portland, and Silicon Valley available for additional future development, including data center campuses and build-to-suits. In addition, the Company will continue to expand in existing and new markets in the future to meet the growing demands of clients.

Sunday, February 10, 2019

HashiCorp launches Professional Services for Multi-Cloud Automation

HashiCorp, a start-up based in San Francisco, is launching a professional services program to help large enterprises implement its multi-cloud automation products.

The HashiCorp software suite helps organizations to adopt consistent workflows to provision, secure, connect, and run any infrastructure for any application. The toolset covers the four main components of infrastructure automation -- provisioning, security, networking, and application runtime.


  • In November,  HashiCorp announced that it has raised $100 million in Series D funding, at a company valuation of $1.9 billion. This brings the total funding that HashiCorp has raised to $174 million. The round was led by new investor IVP, with participation from Bessemer Venture Partners, also a new investor. Existing HashiCorp investors GGV Capital, Mayfield, Redpoint Ventures, and True Ventures also participated in this round.

Tuesday, February 5, 2019

Databricks raises $250 million for Big Data Analytics

Databricks, a start-up based in San Francisco that was founded by the original creators of Apache Spark, raised $250 million in a Series E funding for its unified analytics solutions.

The company's Unified Analytics allows organizations to do data science on massive data sets. The approach addresses data silos and the gap between data processing and machine learning platforms.

Databricks said it generated in excess of $100 million in annual recurring revenue during 2018 and experienced approximately 3x year-over-year growth in subscription revenue during the last quarter of 2018.

The new funding round was led by Andreessen Horowitz. Coatue Management, Microsoft, and New Enterprise Associates (NEA) also participated. The company has now raised $498.5 million to date. Its valuation now stands at $2.75 billion.

“Databricks has gone from almost no revenue to over $100 million in annual recurring revenue in just three years, putting us among the fastest growing enterprise software companies,” said Ali Ghodsi, CEO and co-founder of Databricks. “What’s driving this incredible growth is the market’s massive appetite for Unified Analytics. Organizations need to achieve success with their AI initiatives and this requires a Unified Analytics Platform that bridges the divide between big data and machine learning.”

“Databricks is the clear winner in the big data platform race,” said Ben Horowitz, co-founder and general partner at Andreessen Horowitz. “In addition, they have created a new category atop their world-beating Apache Spark platform called Unified Analytics that is growing even faster. As a result, we are thrilled to invest in this round.”

http://www.databricks.com

Wednesday, January 23, 2019

Confluent adds $125M in funding for business data streaming

Confluent, a start-up based in Palo Alto, California, announced $125 million in Series D funding for its live data streaming solutions based on Apache Kafka technology. The founders of Confluent created Apache Kafka while at LinkedIn to help cope with the very large-scale data ingestion and processing requirements of the business networking service.

Apache Kafka, an open source technology created and maintained by the founders of Confluent, acts as a real-time, fault tolerant, highly scalable messaging system. It is widely adopted for use cases ranging from collecting user activity data, logs, application metrics, stock ticker data and device instrumentation.

The company said 2018 was a banner year, with 3.5X subscription bookings growth year over year. During the year, the company launched its Confluent Platform 5.0, which introduced significant new capabilities, from making infrastructure more secure, reliable and easier to manage, to enabling more powerful applications with streaming data. Confluent made KSQL generally available and released theStream Processing Cookbook, which features KSQL recipes to solve specific, domain-focused problems using KSQL. The company also launched Confluent Hub, an online service for finding, reviewing and downloading extensions for the Apache Kafka and Confluent Platform ecosystems.

The latest funding round was led by Sequoia Capital, joined by existing investors Index Ventures and Benchmark. This brings Confluent’s total funding to $206 million.

“Industry-leading companies are re-architecting their businesses around real-time events,” said Jay Kreps, co-founder and CEO at Confluent. “With Confluent, companies can connect all of their applications and data sources, enabling them to react and engage their customers in a faster, more personalized and more efficient manner. We think event streaming has the opportunity to become as big a category in infrastructure technology as databases, and we’re excited to be creating that future.”

See also