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

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.”

Thursday, January 17, 2019

Netrounds raises funding for software-based active testing, monitoring

Netrounds, a start-up based in Sweden, announced a Series A investment round led by Swisscom Ventures and a new Nordic technology investment fund which is expected to be disclosed and announced at the end of Q1, 2019. The amount of the investment was not disclosed.

Netrounds focuses on software-based active testing, monitoring and automated troubleshooting solutions for communications service providers and global enterprises.

"The Netrounds team is thrilled to begin working with our new investors as we continue our exciting journey of growth and innovation," said Mats Nordlund, CEO and co-founder of Netrounds. "This investment round will significantly improve our sales team's capability to execute on our rapidly growing sales pipeline and to capture global market share."

Thursday, December 6, 2018

LeanIX raises $30 million for its business management SasS

LeanIX, a start-up based in Bonn, Germany, closed $30 million in Series C funding.

LeanIX offers a Software-as-a-Service (SaaS) application for Enterprise Architecture (EA), which enables organizations to make faster, data-driven decisions.

The funding round was led by Insight Venture Partners. Previous investors DTCP (Deutsche Telekom Capital Partners), Capnamic Ventures, and Iris Capital also participated in the round. The closing brings LeanIX’s total funding to nearly $40 million since its founding in 2012.

“Today’s enterprises face data overload, overwhelmed by archaic IT landscapes that cripple productivity and business opportunity. Organizations need clear, actionable insights, and more than ever, enterprises are opting for IT modernization and demanding innovative EA tools,” said André Christ, CEO, and co-founder of LeanIX. “Together with our investors, we aim to become the category leader for EA in modern technology business management. While Agile, DevOps and Cloud are becoming mainstream in enterprises, we provide the best technology for a successful adoption and continuous management.”

http://www.leanix.net

Thursday, November 15, 2018

Habana Labs raises $75M for AI processors, including Intel investment

Habana Labs, a start-up based in Tel-Aviv, Israel, raised $75 million in an oversubscribed series B funding for its development of AI processors.

Habana Labs is currently in production with its first product, a deep learning inference processor, named Goya, that is >2 orders of magnitude better in throughput & power than commonly deployed CPUs, according to the company. Habana is now offering a PCIe 4.0 card that incorporates a single Goya HL-1000 processor and designed to accelerate various AI inferencing workloads, such as image recognition, neural machine translation, sentiment analysis, recommender systems, etc.  A PCIe card based on its Goya HL-1000 processor delivers 15,000 images/second throughput on the ResNet-50 inference benchmark, with 1.3 milliseconds latency, while consuming only 100 watts of power. The Goya solution consists of a complete hardware and software stack, including a high-performance graph compiler, hundreds of kernel libraries, and tools.

Habana Labs expects to launch an training processor - codenamed Gaudi - in the second quarter of 2019.

The funding round was led by Intel Capital and joined by WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors. This brings total funding to $120 million. The company was founded in 2016.

“We are fortunate to have attracted some of the world’s most professional investors, including the world’s leading semiconductor company, Intel,” said David Dahan, Chief Executive Officer of Habana Labs. “The funding will be used to execute on our product roadmap for inference and training solutions, including our next generation 7nm AI processors, to scale our sales and customer support teams, and it only increases our resolve to become the undisputed leader of the nascent AI processor market.”

“Among all AI semiconductor startups, Habana Labs is the first, and still the only one, which introduced a production-ready AI processor,” said Lip-Bu Tan, Founding Partner of WRV Capital, a leading international venture firm focusing on semiconductors and related hardware, systems, and software. “We are delighted to partner with Intel in backing Habana Labs’ products and its extraordinary team.”

https://habana.ai/

Tuesday, July 17, 2018

Verodin raises $21 million for cyber security instrumentation

Verodin, a start-up based in Tysons, Virginia, announced $21 million in Series B funding for its Security Instrumentation Platform (SIP), which continuously executes tests and analyzes the results to proactively alert on drift from a known-good security baseline The system validates and optimizes control configuration, and provide evidence demonstrating if the controls purchased and deployed are actually delivering the desired business outcomes.

The new funding was led by TenEleven Ventures and Bessemer Venture Partners (BVP). Capital One Growth Ventures, Citi Ventures and all existing investors participated in the round.

Saturday, June 30, 2018

Veridium raises $16.5 million for biometric authentication

Veridium, a start-up based in Quincy, Mass., announced $16.5 million in Series B funding for its biometric authentication solutions.

Veridium offers a software-only biometrics platform that enables users to replace passwords, tokens, OTPs or swipe cards with multiple biometrics from their smartphone. The solutions include native device sensors such as face and fingerprint, and Veridium’s 4 Fingers TouchlessID. The result is increased security, improved convenience and user experience; all while reducing fraud at a lower total cost of ownership than traditional multi-factor authentication (MFA) solutions.

The investment round was led by UK entrepreneur and philanthropist, Michael Spencer, with participation from Citrix Systems, Inc. and financial services executive and investor Michael Powell.

“In today’s digital age, global organizations are challenged to secure their most critical assets against advanced threats in a way that’s both convenient and secure,” said Michael Spencer. “Veridium is unique in the industry because it provides organizations an enterprise-ready authentication solution to address those problems with the adoption of biometrics – while increasing security and convenience.”

https://www.veridiumID.com


  • In May, Veridium announced that it had been selected by a multinational Swiss bank to replace passwords, tokens and swipe cards, validating the need for stronger more user-friendly authentication processes.

Thursday, June 28, 2018

Silver Peak adds $90 million in funding for SD-WAN

Silver Peak, which specializes in broadband and hybrid WAN solutions, announced a $90 million strategic investment from TCV.

"It’s rare that we see an opportunity to disrupt a massive, entrenched $100 billion technology category supporting mission-critical applications and communication,” said Tim McAdam, general partner at TCV. “After researching all the players in the multi-billion-dollar SD-WAN market and speaking with enterprise CIOs, it is clear that Silver Peak has the most complete solution, clear market differentiation and traction, and a unique vision for the future of the new WAN edge. We look forward to working with the team to rapidly grow the business."

"With more than $100 billion spent on the WAN every year by enterprises, much of it on technology that pre-dates the cloud, Silver Peak has an enormous opportunity as we deliver disruptive new WAN edge solutions for enterprises,” said Silver Peak Founder and CEO, David Hughes. “TCV has a proven track record for identifying high-growth markets and investing in those innovative companies with the right solution and the right team in place to achieve market leadership. Our partnership with TCV will help accelerate our growth trajectory, increase our competitive advantages and extend our market leadership. We are excited to work with the TCV team."

Silver Peak is based in Santa Clara, California.


Monday, June 11, 2018

Foundry.ai raises $67 million for enterprise AI

Foundry.ai, a start-up based in Washington, D.C., announced $67 million in funding for its artificial intelligence (AI) software solutions for large enterprises
.
Foundry has launched four businesses to date:

  • Vizual.ai, which provides image optimization to web publishers and e-commerce businesses;
  • Supplier.ai, which allows enterprises to improve procurement economics through improved vendor selection, pricing and risk management;
  • HUD.ai, which empowers go-to-market professionals selling large enterprise solutions to improve the quality and quantity of personalized, high-impact outreach; and
  • Curia.ai, which provides advanced decision optimization tools to healthcare provider networks.

"In every global 2000 C-suite and boardroom, someone is asking the question, 'How will AI impact our business?'," said Ned Brody, co-founder of Foundry.ai. "Foundry's new funding will allow us to build a significantly greater number of Practical AI businesses, creating AI solutions that focus on replicable, every-day decision improvements that drive immediate profitability increases."

https://www.foundry.ai/

  • Foundry.ai was founded by Jim Manzi, who previously was founder and CEO of Applied Predictive Technologies.

Wednesday, May 23, 2018

Platform.sh raises $34M for enterprise cloud

Platform.sh, a start-up based in Paris with offices in San Francisco, raised $34 million in a Series C funding for its "idea-to-cloud" application platform.

Platform.sh simplifies deployments for enterprises by combining an automated cloud with its unique rapid cloning technology that can instantly spin up and deploy exact clones of entire live web applications in less than 60 seconds, allowing development teams to ensure that new features do not break when in production. Its product can be used to develop, test, deploy and run their cloud-based web applications with speed and confidence. The company claims more than 650 enterprise customers across the globe are currently using its platform and says sales have grown 110 percent this year.

The funding round was U.S.-based Partech and included Idinvest Partners, Benhamou Global Ventures (BGV), SNCF Digital Ventures and returning investor, Hi Inov.

“The customer traction and organic growth we’ve seen over the past 12 months – especially in North America – made it clear that we are ready to scale on a global level,” said Frederic Plais, CEO of Platform.sh. “The productivity gains that our platform delivers are beyond anything offered by managed hosting solutions, or DIY approaches with cloud infrastructures. The recent years have seen an explosion of incredibly strong tools that help implement novel cloud architectures, but the mainline approach is patchwork and piecemeal. Platform.sh proposes a unified model that transcends categories, not only solving difficult cluster orchestration and continuous delivery problems, but also improving testing and quality assurance of applications.”

https://platform.sh

Friday, May 11, 2018

Mesosphere raises $125M for its hybrid cloud

Mesosphere, a start-up based in San Francisco, announced $125 million in Series D funding for its hybrid cloud platform.

Mesosphere DC/OS automates operations. The idea is to automate workload-specific operating procedures to “as-a-Service” anything from Kubernetes to data services, while optimizing workload density to achieve the highest utilization with resource guarantees.

Mesosphere said it has nearly tripled revenue year-over-year.

The series D funding was co-led by funds and accounts advised by T. Rowe Price Associates, Inc. and Koch Disruptive Technologies (KDT) with participation from ZWC Ventures, Qatar Investment Authority (QIA) and Disruptive Technology Advisers (DTA). The round also features participation from existing investors Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, Hewlett Packard Enterprise, SV Angel, Fuel Capital, and Triangle Peak Partners.

"We make world-changing technology, like Kubernetes, Tensorflow and more, available at the click of a button, enabling business impact faster because DC/OS automates operations of more than one hundred complex technologies," said Florian Leibert, CEO and co-founder at Mesosphere. "This investment will help us to arm the enterprise with leading edge technology, like containers, machine learning, and IoT applications, allowing them to reclaim their competitive edge and reinvent the customer experience."

Tuesday, May 8, 2018

Intel Capital announces 12 start-up bets in AI, Cloud, IoT and Silicon

Intel Capital announced investments totalling $72 million in a dozen start-up companies focused in AI, cloud, IoT and silicon technologies.

This week the company is hosting an Intel Capital Global Summit in Palm Desert, California to bring together startup entrepreneurs, venture capitalists and tech industry executives.

The 12 startups joining Intel Capital’s portfolio are:

Artificial Intelligence

Avaamo (Los Altos, California) is a deep learning software company that specializes in conversational interfaces to solve specific, high-impact problems in the enterprise. Avaamo is building fundamental AI technology across a broad area of neural networks, speech synthesis and deep learning to make conversational computing for the enterprise a reality. http://www.avaamo.com/

Fictiv (San Francisco, California) is democratizing access to manufacturing, transforming how hardware teams design, develop and deliver physical products. Its virtual manufacturing platform pairs intelligent workflow and collaboration software with Fictiv’s global network of highly vetted manufacturers. From prototype to production, Fictiv helps hardware teams work efficiently and bring products to market faster. https://www.fictiv.com/


Gamalon (Cambridge, Massachusetts) is leading the next wave in machine learning with an AI platform that teaches computers actual ideas. Gamalon’s Idea Learning technology provides accurate, editable and explainable processing of customer messages and other free-form data. Gamalon’s system learns faster, is easily extendable to specific domains, is completely auditable, and understands complexity and nuance. It can be used to structure free-form text such as surveys, chat transcripts, trouble tickets and more. https://gamalon.com/

Reconova (Xiamen, China) is a leading AI company providing cutting-edge visual perception solutions. Dedicated to the research of innovative computer vision and machine learning technologies, Reconova possesses a significant amount of core technologies in those fields. The company has achieved scale production and application across the smart retail, smart home and intelligent security segments. http://www.reconova.com/en/index.html

Syntiant (Irvine, California) is an AI semiconductor company that is accelerating the transition of machine learning from the cloud to edge devices. The company’s neural decision processors merge deep learning with semiconductor design to produce highly efficient ultralow-power analog neural computation for always-on applications in battery-powered devices, including mobile phones, wearable devices, smart sensors and drones. https://www.syntiant.com/

Cloud and IoT

Alauda (Beijing, China) is a container-based cloud services provider empowering enterprise IT with its enterprise platform-as-a-service offering and other strategic services. It delivers cloud-native capabilities and DevOps best practices to help enterprises modernize application architecture, maximize developer productivity and achieve operational excellence. Alauda serves organizations undergoing digital transformation across a number of industries, including financial services, manufacturing, aviation, energy and automotive. http://www.alauda.cn/?lang=EN

CloudGenix (San Jose, California) is a software-defined wide-area network (SD-WAN) leader, transforming legacy hardware WANs into a software-based, application-defined fabric. Using CloudGenix software, customers deploy cloud, unified communications and data center applications to remote offices over broadband networks with high performance and security. CloudGenix customers experience up to 70 percent WAN costs savings, an improved user experience for their applications, and more than 10x improvements in application and network uptime. https://www.cloudgenix.com/

Espressif Systems (Shanghai, China) is a multinational, fabless semiconductor company that leverages wireless computing to create high-performance IoT solutions that are more intelligent, versatile and cost-effective. The company’s all-in-one system-on-chips (SoCs) provide dual-mode connectivity (Wi-Fi+BT/BLE) to a wide range of IoT products – including tablets, cameras, wearables and smart home devices – at competitive prices. https://www.espressif.com/

VenueNext (Santa Clara, California) transforms the way guests experience every kind of venue, from arenas and concert halls to hotels and hospitals. Its smart-venue platform connects a facility’s siloed operational systems to give guests seamless access to services via their smartphones, and provides real-time analytics and insights that transform business outcomes. A sample of customers include Levi’s Stadium, Yankee Stadium, U.S. Bank Stadium, Amway Center, Churchill Downs and St. Luke’s Health Systems. http://www.venuenext.com/#welcome

Silicon

Lyncean Technologies (Fremont, California) was founded in 2001 to develop the Compact Light Source (CLS), a miniature synchrotron X-ray source. Enabling a reduction in scale by a factor of 200, the CLS shrinks a machine capable of synchrotron quality experiments from stadium-sized to room-sized. Lyncean’s newest development is a novel EUV source based on coherent photon generation in a compact electron storage ring, specifically designed for high-volume manufacturing semiconductor lithography. http://lynceantech.com/

Movellus (San Jose, California) develops semiconductor technologies that enable digital tools to automatically create and implement functionality previously achievable only with custom analog design. Using digital design, Movellus improves the efficiency of creating and laying out analog circuits for SoCs – resulting in faster design time, faster time to yield, smaller die size and lower failure rates. Movellus’ customers include semiconductor and systems companies in the AI, networking and FPGA segments. https://www.movellus.com/

SiFive (San Mateo, California) is the leading provider of market-ready processor core IP based on the RISC-V instruction set architecture. Founded by the inventors of RISC-V and led by a team of industry veterans, SiFive helps system-on-chip designers reduce time to market and increase cost savings by enabling system designers to produce customized, open-architecture processor cores. https://www.sifive.com/

Monday, April 30, 2018

Dell Technologies Capital: One third of new bets focused on AI/ML

Since emerging from stealth a year ago, Dell Technologies Capital, the venture investment practice for Dell Technologies, has completed 24 new and follow-on investments as part of its $100 million average annual investment run rate.

The company reports that a third of its new investments are focused on artificial intelligence (AI) and machine learning (ML) and the remaining investments focused on security, next-gen infrastructure and other technology areas strategic to the Dell Technologies family of companies.

Some other notes.

  • Dell Technologies Capital had 11 exits in the past year, of which three of its portfolio companies IPO'd in the past seven months. 
  • Dell Technologies Capital was the first institutional investor in Zscaler (NASDAQ: ZS), a leading pioneer in transforming network security for the cloud era; the startup went public in March 2018. 
  • Dell Technologies Capital invested in MongoDB (NASDAQ: MDB) which went public in October 2017 
  • Dell Technologies Capital invested in DocuSign (NASDAQ: DOCU), which also went public recently
  • Dell Technologies Capital's portfolio includes several startups currently experiencing growth rates of more than 100% and several exceeding $50 million in revenue. 

"Since coming out of stealth at Dell EMC World last year, we've had a very busy, and very successful, year," said Scott Darling, president of Dell Technologies Capital. "We are delighted with our continued strong performance and the market reception to the DocuSign, MongoDB and Zscaler IPOs. The real value we bring to Dell Technologies and our startup portfolio companies is through our joint work, which allows us to deliver best-of-breed solutions for our customers faster, especially in emerging tech areas."


https://www.delltechnologies.com/en-us/capital/ventures/portfolio.htm

Wednesday, April 25, 2018

Innovium raises $77M in Series D for its Switching Silicon

Innovium, a start-up based in San Jose, California, announced $77 Million in Series D funding for its high-performance switching silicon for data centers.

The new funding round included investment from Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital and Qualcomm Ventures. This brings total funding in the company to over $160 million.

“Data center networks are experiencing dramatic traffic growth and face new requirements, driven by public and hybrid cloud, machine learning, analytics, storage and video. Innovium’s grounds-up innovations have enabled a revolutionary platform for a family of products, delivering the industry’s next generation of performance, programmability, cost/bit and robust features. We are excited to significantly increase our investment in Innovium, to help the company accelerate its production, roadmap, and go-to-market efforts,” said Asheem Chandna, Partner at Greylock Partners.

Innovium Unveils 12.8Tbps Data Center Switching Silicon

Innovium, a start-up based in San Jose, California, introduced its TERALYNX scalable Ethernet silicon for data centers switches.

Innovium said its TERALYNX will be the first single switching chip to break the 10 Tbps performance barrier, along with telemetry, line-rate programmability, the largest on-chip buffers and best-in-class low-latency. The chip is expected to sample in Q3 2017.

TERALYNX includes broad support for 10/25/40/50/100/200/400GbE Ethernet standards. It will deliver 128 ports of 100GbE, 64 ports of 200GbE or 32 ports of 400GbE in a single device. The TERALYNX switch family includes software compatible options at 12.8Tbps, 9.6Tbps, 6.4Tbps and 3.2Tbps performance points, each delivering compelling benefits for switch system vendors and data center operators.

Some highlights:

  • 12.8Tbps, 9.6Tbps, 6.4Tbps and 3.2Tbps single chip performance options at packet sizes of 300B or smaller 
  • Single flow performance of 400Gbps at 64B minimum packet size, 4x vs alternatives
  • 70MB of on-chip buffer for superior network quality, fewer packet drops and substantially lower latency compared to off-chip buffering options
  • Up to 128 ports of 100GbE, 64 ports of 200GbE or 32 ports of 400GbE, which enable flatter networks for lower Capex and fewer hops
  • Support for cut-through with best-in-class low latency of less than 350ns
  • Programmable, feature-rich INNOFLEX forwarding pipeline
  • Comprehensive layer 2/3 forwarding and flexible tunneling including MPLS
  • Large table resources with flexible allocation across L2, IPv4 and IPv6
  • Line-rate, standards-based programmability to add new/custom features and protocols
  • FLASHLIGHT telemetry and analytics to enable autonomous data center networks
  • Extensive visibility and telemetry capabilities such as sFlow, FlexMirroring along with highly customizable extra-wide counters
  • P4-INT in-band telemetry and extensions to dramatically simplify end to end analysis
  • Advanced analytics enable optimal resource monitoring, utilization and congestion control allowing predictive capabilities and network automation
  • SERDES I/Os for existing and upcoming networks
  • Industry-leading, proven SerDes supports 10G and 25G NRZ, as well as 50G PAM4, to provide customers a variety of connectivity choices, ranging from widely deployed 10/25/40/50/100G Ethernet to upcoming 200/400GbE
  • Up to 258 lanes of long-reach SerDes, each of which can be configured dynamically
  • Integrated GHz ARM CPU core along with PCIe Gen 3 host connectivity
  • ARM core enables development of differentiated real-time automation features
  • High speed host connectivity and DMA enhancements enable high performance packet, table and telemetry data transfers while minimizing CPU overhead
  • Two high-speed Ethernet ports for management or telemetry dat

Monday, April 23, 2018

Brazil Tower raises $104M in debt financing for expansion

Brazil Tower Company (BTC), a privately-held, neutral host tower company with over 600 wireless towers currently in its portfolio, recently closed on US$79 million of a $104 million long-term senior secured debt financing with three international lenders led by Cordiant Capital of Montreal, Canada.  BTC expects to close on the remaining $25 million of financing during Q3 of this year. 

BTC, whose customers include the major wireless operators including Telefonica, TIM and Claro, plans to use the funds to add 600 more towers.

"We are very excited about the growth we are realizing in Brazil through new tower development and new collocations and amendments.  Our backlog of new towers and pipeline for growth is the strongest we have seen since 2015," said Tom Staz, BTC's Chief Financial Officer and a partner at 1848 Capital Partners in Miami, BTC's primary equity sponsor.  "With the support of our new debt facility and a large inventory of customer orders, we will continue to strategically rollout new tower sites over the next 18 - 24 months to double the size of our tower portfolio and triple the cash flows of the business."

Wednesday, April 11, 2018

OPAQ Networks raises $22.5 million for its Security-as-a-Service

OPAQ Networks, a start-up based in Herndon, Virginia, OPAQ Networks announced a $22.5 million Series B round of financing for its Security-as-a-Service.

OPAQ provides service providers with a single integrated/automated portal to deliver and manage network security for midsize enterprises. The OPAQ cloud platform combines a fully encrypted private network backbone with continuous monitoring, compliance analytics/reporting, next-generation firewall, web application firewall, DDoS mitigation, micro-segmentation and automated security management capabilities.

The company cited several recent milestones: a strategic partnership with Palo Alto Networks, the introduction of its micro-segmentation technology for endpoints, and its acquisition of business intelligence/reporting automation specialists FourV Systems.

The funding round was led by new investor Greenspring Associates, with continuing participation from Columbia Capital and Harmony Partners.

“OPAQ Networks has built and delivered the most advanced high-performance platform for providing Fortune 100-grade network security to midsize enterprises, a capability that has been missing in this segment of the market due to deployment complexity, lack of resources and affordability,” said Glenn C. Hazard, Chairman and CEO of OPAQ Networks. “This latest round of financing provides the necessary resources to accelerate our go-to-market plan, continue to expand our focus on channel partners and overall market adoption.”

http://www.opaqnetworks.com

Tuesday, April 3, 2018

DeepScale attracts $15M for perception software

DeepScale, a start-up based in Mountain View, California, announced $15 million in Series A funding for its work in efficient deep learning perception software for use in mass-produced automated vehicles.

DeepScale said it is using efficient deep neural networks (DNNs) on small, low-cost, automotive-grade sensors and processors. The goal is to interpret and classify sensor data in real-time for automated vehicles.

"One of our core objectives is to drastically reduce the number of deaths and injuries on the road," said Forrest Iandola, co-founder and CEO of DeepScale. "The company's Series A funding will not only empower our engineering team to continue to make breakthroughs in automated driving safety, but will also help us attract the brightest talent in the industry to transform the future of transportation."

DeepScale says it has lined up a number of strategic partnerships with Tier 1 suppliers, OEMs and semiconductor suppliers to provide automated driving perception solutions, including Visteon and HELLA-Aglaia Mobile Vision GmbH, a major German automotive supplier.

The funding round was led by Point72 and next47. Additional Series A funding was provided by existing investor Autotech Ventures and Trucks Venture Capital. Previous seed investors included Andy Bechtolsheim, Ali Partovi, Lip-Bu Tan and Jerry Yang's AME Cloud Ventures.

Thursday, March 22, 2018

Matillion raises $20 million for cloud data warehousing software

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

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

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

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

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