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

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.”

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

See also