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

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."

Wednesday, March 21, 2018

Averon raises $13.3 million for mobile identity

Averon, a start-up based in San Francisco, raised $13.3 million in series A funding for its work in mobile identity verification.

Averon's solution leverages mobile carrier data signaling and hardware already in every smartphone combined with Averon's proprietary blockchain technology to positively and instantly authenticate mobile users. The mobile authentication works seamlessly whether users are on Wi-Fi or LTE.
The company says its patented techniques are impervious to man-in-the-middle attacks, social engineering and other forms of digital hijacking.

The funding round was led by Avalon Ventures and Salesforce founder and CEO Marc Benioff.

"Averon provides the fastest, strongest mobile security in the world, and we're proud that our innovations are disrupting the status quo of cybersecurity," said Wendell Brown, Averon co-founder and CEO. "We completely relieve the burden from end users while providing enterprise customers far superior security. Our solutions heal the cyber battle wounds suffered by every sector, from banking and healthcare to e-commerce. Our customers enjoy freedom and peace of mind, because users' logins, purchases and entire digital life are always effortlessly protected while connected with Averon."

http://www.averon.com

Sunday, March 11, 2018

Netsparker raises $40 million for its web security software

Netsparker, a start-up based in the U.K., raised $40 million in venture funding for its web application security scanning software.

The funding round was led by Turn/River Capital, a San Francisco-based growth and private equity fund focused on enterprise software companies.

Netsparker says its solution can identify security flaws in any type of website, web application and web service. Netsparker’s Proof-Based Scanning Technology automatically verifies security flaws as they are discovered, enabling the scanners to have industry-leading vulnerability detection rates without reporting any false positives.

Wednesday, February 28, 2018

Mist raises $46 million for self-learning WLAN

Mist, a start-up based in Cupertino, California. raised $46 million in an unsubscribed C round of funding for its self-learning wireless networks powered by Artificial Intelligence (AI).

Mist says its wireless platform, which is designed specifically for the Smart Device era, makes Wi-Fi predictable, reliable and measurable by providing visibility into the user experience and by replacing time-consuming manual IT tasks with proactive automation.

The funding round was led by Kleiner Perkins, with additional funding from Lightspeed Venture Partners, Norwest Venture Partners, GV (formerly Google Ventures), NTT DOCOMO Ventures, and Dimension Data. This brings total funding in the company to approximately $88 million.
 In addition, Mamoon Hamid (General Partner at Kleiner Perkins) and Rob Lopez (Group Executive – Networking and Data Centre at Dimension Data) join Mist as board observers.

Sunday, February 4, 2018

Intel leads $100 million investment in Joby Aviation

Joby Aviation, a start-up developing an all-electric vertical take-off and landing (eVTOL) passenger aircraft, raised $100 million in a Series B funding round led by Intel Capital.

Joby Aviation is working on a 5-seat aircraft capable of flying 150 miles (240km) on a charge.  The company is based in Santa Cruz, California.

Besides Intel Capital, additional investors in this funding round included Singapore-based EDBI, JetBlue Technology Ventures, Toyota AI Ventures, Allen & Company, AME Cloud Ventures, and Ron Conway, as well as existing investors Capricorn Investment Group, 8VC, Sky Dayton and Paul Sciarra. This brings the company’s total funding to over $130 million.

“People waste billions of hours sitting on roads worldwide each year. We envision a future where commuting by eVTOL is a safer, faster, and  cost-competitive alternative to ground transportation,” said Joby Aviation founder and CEO JoeBen Bevirt. “We have spent the last ten years developing
the technologies that have made our full-scale technical demonstrator possible and are now ready to build a commercial version of the aircraft. We’re excited to have attracted the backing of leaders in auto manufacturing, data intelligence, and transportation sectors.”

Monday, January 29, 2018

MATRIXX raises $40 million for its telco reinvention software

MATRIXX Software, a start-up based in Saratoga, California announced $40 million in Series C funding for its next-gen digital commerce platform for telco and related industries.

MATRIXX Software’s Digital Commerce platform aims to reinvent telco business support systems by bringing together typically separate applications for product design and lifecycle management, customer engagement, service delivery and monetization into a single, comprehensive platform.

The company reports 130 percent year-over-year growth, adding new customers across North America, UK, Europe, Middle East and Asia.

“We founded MATRIXX on the principles of digital scale and agility. We design software with both the Telco and the end consumer in mind to deliver capabilities that will provide valuable and meaningful change to the way Telco’s operate,” said Dave Labuda, founder, CEO and CTO of MATRIXX Software.

The funding round was led by Sutter Hill Ventures. Additional new investors include Spring Lake Equity Partners and strategic partner CK Hutchison, whose 3 brand group of telecommunications operators serve over 130 million customers globally. The round also includes existing investors and strategic partners Greylock Partners, Adams Street Partners, Telstra Ventures and Swisscom Ventures.

Thursday, January 25, 2018

Cumulus raises $43 million for its open networking

Cumulus Networks, which offers a Linux operating system environment for open networking, announced $43 million in new funding. Cumulus plans to expand its sales force and invest in growing its marketing programs, with a particular focus on reaching new customers in EMEA and Asia Pacific.

Cumulus's mission is "to free customers from expensive proprietary network stacks and bring the automation, agility and scalability of web-scale networks to companies of all sizes."

The company cited the following recent milestones:

  • During 2017, the company signed over 350 new customers and now serves more than 800 customers, including over a third of the Fortune 50.
  • Growth outside the U.S. was particularly strong. Cumulus tripled its business in the Asia Pacific region and more than doubled its business in EMEA during 2017.
  • Cumulus Networks debuted in the Visionaries quadrant of the 2017 Gartner Magic Quadrant for Data Center Networking.
  • In October 2017, Cumulus was inducted into the Innovation Hall of Fame by JP Morgan Chase.
  • During 2017, the company released new solutions including NetQ, a telemetry-based fabric validation system; Host Pack, software essentials for the host enabling web-scale networking for containers, microservices and more; and Cumulus in the Cloud, a personal virtual data center to build and test network designs and operations.

The new funding round was led by Telstra Ventures. All existing investors including Andreessen Horowitz, Battery Ventures and Sequoia Capital participated. This brings total funding to $129 million.

“There’s a striking variety in our customer base, which ranges from large financial and healthcare institutions, to breakout SaaS stars, to some of the world’s largest Internet companies,” said Josh Leslie, CEO of Cumulus Networks. “But the common thread running through them is that they are challenging the status quo of networking in their organizations and reaping huge operational benefits as a result. We’re honored to partner with Telstra in this journey. We are excited to use this investment to bring modern, scalable networks to even more organizations around the world, particularly to service providers who are beginning to move into the networking space.”

Cumulus Networks is based in Mountain View, California.

Wednesday, January 24, 2018

Tigera raises $10 million for secure app connectivity

Tigera, a start-up based in San Francisco, announced $10 million in new funding for its secure application connectivity for the cloud-native world.

Tigera is an open core enterprise software company delivering solutions for secure application connectivity.

Its newly launched enterprise solution, CNX, secures application connectivity using a proprietary ZT-Auth technology, which enables the enterprise to adopt a Zero Trust approach to application connectivity.

Tigera said it has been selected by each of the big four public cloud providers as the network policy provider for their managed Kubernetes offerings. Tigera’s software is integrated into AWS Elastic Container Service for Kubernetes, Microsoft Azure Container Service, Google Container Engine and IBM Cloud Container Service.

Wednesday, January 17, 2018

Tel Aviv-based VDOO raises $13M for IoT security

VDOO, a cybersecurity start-up based in Tel Aviv, Israel raised $13 million in initial funding for its efforts to create an end-to-end platform for the automated analysis and certification of security on connected devices.

VDOO said its solution performs a security gap analysis on IoT devices, against the specific security requirements for each device type, and provides a detailed recommended plan of action to fill security gaps. Once security features have been implemented, VDOO validates that security requirements have been met and provides physical and digital certifications. The on-device digital certification agent monitors the security state of the device and communicates it to other systems such as gateways, firewalls, and edge solutions; which provides post-deployment security, ensuring the device is not being compromised.

VDOO was founded by Netanel Davidi, Uri Alter, both of whom previously founded Cyvera, a company that developed endpoint security solutions and which was acquired by Palo Alto Networks in 2014. A third founder of VDOO is Asaf Karas, who brings 2 decades of cyber experience with the IDF.

The venture round was led by 83North (formerly Greylock IL) and included participation by Dell Technology Capital and other strategic individual investors, including David Strohm, Joe Tucci, and Victor Tsao.

Anomali raises $40 million for threat mgt and collaboration

Anomali, a start-up based in Redwood City, California announced $40 million in an oversubscribed Series D funding round. The company specializes in threat management and collaboration solutions, announced today that it has closed an oversubscribed.

Anomali cited significant momentum in 2017, including the introducing new capabilities in its ThreatStream, Anomali Enterprise and STAXX solutions, enabling advanced threat forensics and threat sharing capabilities. The company also:

  • launched a 48-bank threat sharing community in the United Arab Emirates,
  • testified before the Homeland Security Committee regarding the importance of threat sharing,
  • partnered with the Bank of England to collect, integrate, hunt and investigate cyber security intelligence data, and
  • published a series of Cybersecurity Country Profiles, including Russia, China and Iran.

“2017 was another remarkable year for Anomali, in which we saw record customer growth and product innovation. We are thrilled to add Lumia Capital, DTCP, Telstra and Sozo Ventures to the Anomali family and are already preparing major initiatives with our newest partners,” said Hugh Njemanze, chief executive officer, Anomali. “Our latest investors ideally position us for growth in Europe, Japan and Australia.”

The latest funding round was led by Lumia Capital, with the participation of Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures. Returning investors included GV, General Catalyst, IVP and Paladin Capital Group. This announcement marks a total of $96 million total investment raised by Anomali over four rounds of funding.

  • Anomali is headed by Hugh Njemanze, who previously co-founded ArcSight in May 2000 and served as CTO as well as Executive Vice President of Research and Development.

Tuesday, January 16, 2018

Connected2Fiber raises $8M for B2B SaaS for connectivity

Connected2Fiber, a start-up based in Boston, announced $8 million in additional funding for its SaaS platform, which used by B2B connectivity providers to manage and transform market data.

Connected2Fiber purpose-built SaaS platform, The Connected World, that helps B2B connectivity providers engage buyers through the funnel.  Its location management platform enables sales and marketing teams to see serviceability and create OnNet and NearNet building lists in the data formats required by their customers and partners, and directly integrates into top procurement tools.

Connected2Fiber cited a number of milestones since entering the market in 2015:

  • Five of the top 10 largest MSO’s are currently using Connected2Fiber as a component of their go to market strategy.
  • Connected2Fiber customers have published more than 5,000 automated building lists to convey serviceability to their prospects, partners and customers.
  • Connected2Fiber covers more than 4 million unique locations connected by its clients’ network, including OnNet, NearNet and OffNet reach.

The new Series A funding came from Ascent Venture Partners, Nauta Capital, NXT Ventures and Osage Venture Partners.

See also