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

Thursday, September 16, 2021

GigaIO raises $14.7 million for its Universal Composable Fabric

GigaIO, a start-up based in San Diego, raised $14.7 million in Series B funding for its data center rack-scale architecture for artificial intelligence (AI) and high-performance computing (HPC) solutions.

GigaIO's Universal Composable Fabric, FabreX, orchestrates workloads by configuring any HPC and AI resource on the fly and integrating networking, storage, memory, and specialized accelerators into a single-system cluster fabric. 

Impact Venture Capital led the funding round, which was oversubscribed by 50% and included participation from Mark IV Capital, Lagomaj Capital, SK Hynix, and Four Palms Ventures.

“We have a tremendous technology and a development team with incredible expertise gained through years of working on some of the highest performing interconnects at companies such as Cray, Sun Microsystems, Cisco, Emulex, and QLogic,” said Alan Benjamin, President and CEO of GigaIO. “Today, by completing this funding round, we are better positioned to get the technology into the hands of more customers and channel partners and to increase traction among commercial and other customers.”

https://gigaio.com



Tuesday, August 3, 2021

Nozomi raises $100 million for OT and IoT security

Nozomi Networks, a start-up based in San Francisco, announced a $100 million pre-IPO-funding round to help accelerate its OT and IoT security solutions.

The company said it plans to grow its sales, marketing and partner enablement efforts, and enhance its products to address new challenges in both the operational technology (OT) and internet of things (IoT) visibility and security markets. 

The Series D funding was led by Triangle Peak Partners and included Forward Investments, Honeywell Ventures, In-Q-Tel, Keysight Technologies, Porsche Ventures, and Telefónica Ventures.

“As we began the fund-raising process, many of the largest ecosystem partners in the world along with our customers recognized Nozomi Networks as the industry leader and requested the opportunity to invest in the company,” said Edgard Capdevielle, President and CEO of Nozomi Networks. “It’s the ultimate endorsement when not only a prestigious firm such as Triangle Peak Partners leads the investment, but customers and partners embrace Nozomi Networks and further validate our market leadership.”

“With the OT and IoT security market on the verge of explosive growth, Nozomi Networks has not only risen to the top but is strongly positioned to continue to outpace the market,” said Dain F. DeGroff, Co-founding Partner and President, Triangle Peak Partners.“The company’s consistently strong performance in combination with an impressive R&D model and its ability to scale quickly set itself apart. We’re excited to be a part of Nozomi Networks’ future.”


Tuesday, July 27, 2021

Blaize raises $71 million in Series D for edge AI silicon

Blaize, a start-up based in El Dorado Hills, California, announced $71 million in Series D round of funding for its edge AI computing solutions in automotive, mobility, smart retail, security, industrial and metro market sectors.

The funding round was led by Franklin Templeton, a new investor, and Temasek, an existing investor, led the round, along with participation from DENSO and other new and existing investors.

“Blaize System on Chip (“SoCs”) for automotive edge and central compute functions are accelerating electric vehicles and future architectural ambitions of automotive OEMs,” said Tony Cannestra, Director of Corporate Ventures, DENSO. “With substantial power advantages making EVs more efficient and economical, Blaize SoCs offer best in class performance with lower power across in-cabin, out of vehicle, and autonomous operations, enabling a streamlined architectural evolution to centralize compute.”

http://www.blaize.com

Wednesday, July 21, 2021

Atom Computing raises $15M for its quantum system

Atom Computing, a start-up based in Berkeley, California, announced $15 million in Series A funding for its first-generation quantum computing system.

Atom Computing is building nuclear-spin qubits out of an alkaline earth element. The company's first-generation quantum computing system, Phoenix, is currently capable of trapping 100 atoms in a vacuum chamber with optical tweezers. Phoenix is able to rearrange and manipulate their quantum states with lasers. The company said its design demonstrates exceptionally stable qubits at scale, with coherence times that are orders of magnitude greater than ever reported.

Atom Computing also announced the appointment of Rob Hays as CEO, President and member of Atom Computing's Board of Directors. Hays was most recently Vice President and Chief Strategy Officer for Lenovo's Infrastructure Solutions Group. He also served at Intel for more than 20 years, where he was Vice President and General Manager responsible for leading Intel's Xeon processor roadmaps. Company co-founder and CTO, Ben Bloom, Ph.D., will continue leading Atom Computing's engineering team.

"Quantum computing has accelerated to a point where it is no longer 10 years out. The scalability and stability of our systems gives us confidence that we will be able to lead the industry to true quantum advantage," said Rob Hays, CEO and President, Atom Computing. "We will be able to solve complex problems that have not been practical to address with classical computing, even with the exponential performance gains of Moore's Law and massively-scalable cluster architectures."

The funding round includes investment from Venrock, Innovation Endeavors and Prelude Ventures. In addition, the National Science Foundation awarded the company three grants.

"Atom Computing has a deep focus on scalable platforms compatible with error correction," said Ben Bloom, Co-founder and CTO, Atom Computing. "We've been able to focus on building a one-of-a-kind system that exists nowhere else in the world. Even within the first few months of Phoenix's operation, we have measured performance levels never before reported in any scalable quantum system." 

https://www.atom-computing.com/


Tuesday, July 20, 2021

Untether AI raises $125 million for high-performance silicon

Untether AI, a start-up based in Toronto, announced an oversubscribed $125 million funding round for its at-memory computation and AI inference acceleration silicon.

The latest funding was led by an affiliate of Tracker Capital Management and by Intel Capital, with participation from new investor Canada Pension Plan Investment Board (“CPP Investments”) and existing investor Radical Ventures.

As part of the funding round, Tracker Capital Senior Advisor Dr. Shaygan Kheradpir will join Untether AI’s Board of Directors. Previously, Dr. Kheradpir served as Verizon’s Group CIO, Barclays Bank Group COO, and CEO of Coriant and Juniper Networks.

“I am pleased to add Tracker Capital to our prestigious group of investors and welcome Shaygan to our Board,” said Arun Iyengar, CEO, Untether AI. “Tracker Capital’s unmatched experience and relationships across sectors will help speed our engagements in multiple high-value markets, including telecom, technology, financial services, retail, and defense. I am also thrilled to welcome CPP Investments to the Untether AI family. With the new funding round and partnerships, we will be able to expand our current product reach and accelerate the development of our next generation products."

Saf Yeboah-Amankwah, Intel Chief Strategy Officer added: “We have been an investor in Untether AI since the seed round. During that time Untether AI has assembled a world-class management team, developed and launched an exceptional product, and is now poised for growth in the burgeoning AI inference acceleration space.”



The dramatic increase in the usage of AI, along with its heavy computational requirements, is overwhelming traditional compute architectures, and drastically increasing power consumption in datacenters. 


Untether AI said its at-memory compute architecture and tsunAImi accelerator cards can achieve record-breaking energy efficiency and compute density for inference acceleration. 


www.untether.ai

Monday, July 12, 2021

Netskope raises $300 million for SASE

Netskope closed a new $300 million investment round for its SASE solutions

The latest funding round was led by existing investor ICONIQ Growth and included all other major existing Netskope investors, including Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital. Following this significantly oversubscribed investment round, Netskope has achieved a post-money valuation of $7.5 billion.

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


Netskope claims more than 1,500 worldwide customers, including: 

  • Over 30 of the Fortune 100
  • 2 of the world’s 4 largest commercial banks
  • 5 of the world’s 7 largest healthcare providers
  • 2 of the world’s 3 largest telecommunications companies
  • 2 of the world’s 4 largest retailers

“We started Netskope because we saw a cloud-centric, digital-first future of business that simply can’t be achieved using legacy approaches to security and networking,” said Sanjay Beri, CEO and co-founder of Netskope. “We were SASE before the term SASE existed and today we are seeing our vision manifest across the globe as enterprises increasingly turn to Netskope to enable secure digital transformation. We are fortunate to have attracted a truly exceptional team and set of partners, customers and industry luminaries who support and bring tremendous value to us, and we are pleased to take another step forward with all of them in our journey.” 


Thursday, July 8, 2021

Quantifi Photonics raises $10M for optical test solutions

Quantifi Photonics, formerly known as Coherent Solutions, raised US$10 million in Series B funding for its photonics test and measurement solutions.

The company, which is based in Auckland, New Zealand, will use the new funds to expand its U.S.-based sales, marketing, and customer support teams from its office in Austin, Texas. It will also accelerate its product roadmap to target companies that are ramping up R&D and manufacturing of 400G optical transceivers.

Dan Henmi, Quantifi Photonics’ VP of Sales for North America says “It’s fantastic to receive strong support from technology-savvy investors who recognize the capability of our team and the opportunity for Quantifi Photonics to carve out a leadership position in the photonics test and measurement industry in the US. Photonics test, particularly for optical communications, evolves so rapidly that customers are often looking for solutions that don’t yet exist. Our understanding of current test challenges and our innovative technology platform means we can quickly develop solutions to keep up with customer needs."

The company is launching a PXI PAM4 BERT module that will enable 400G transceiver testing in Q3 2021, and intends to support manufacturers of pluggable coherent transceivers using its expertise and signal analysis software designed for coherent optical communications.

https://www.quantifiphotonics.com/

Wednesday, June 30, 2021

Versa Networks secures $84 million for its SASE

Versa Networks, a start-up based in San Jose, California, announced $84 million in a Series D funding round for its Secure Access Service Edge (SASE) solutions, which combine security, advanced networking, SD-WAN, multitenancy, and analytics via the cloud, on-premises, or as a blended combination of both.

The funding round was co-led by investors Princeville Capital and RPS Ventures, with additional participation from existing investors, including Sequoia Capital. This brings the company’s total amount raised in funding to $196 million. 

Versa says the new funding comes on the back of a record year, where the growth of the remote workforce due to the COVID-19 pandemic saw organizations across the world accelerate their digital transformation initiatives and turn to flexible and secure solutions such as SD-WAN and SASE to address their networking and security needs. As a result, Versa Networks has seen its worldwide sales in enterprises and channel partner registrations double, increased its workforce by 25 percent, and grew its market share to 150 service providers, including seven of the world’s top 10.

“SASE is the fastest-growing category in networking and security, and the continued support from our investors is a testament to not only our innovative technology, but to our ethos as a company to deliver secure access and networking solutions to all organizations, from enterprises to SMBs, that address and solve the challenges they face on a day-to-day basis,” said Kelly Ahuja, CEO of Versa Networks. “We are the only company that offers a fully integrated SASE solution. We saw the opportunity in the market and have been providing enterprises around the world with a truly modern secure network for five years, so it is exciting that the rest of the industry now recognizes the real value and benefits that SASE can provide.”

https://www.versa-networks.com

Thursday, April 29, 2021

Wasabi scores $112M for cloud storage that's cheaper than AWS S3

Wasabi, a start-up based in Boston, announced $112 million in Series C funding for its cloud-based, object storage service.

Wasabi is offering a cloud storage service claimed to be 1/5th the cost of Amazon S3, with zero fees for egress or API requests.

Wasabi said its revenue and storage under management has also tripled in the last year with deployed storage recently passing one exabyte. The company has 22,000 customers worldwide, and Wasabi’s channel network more than doubled to over 5,000 partners worldwide. The company has data centers in the US, Europe and Japan.

The new funding was led by Fidelity Management & Research Company with participation from existing investors. The round follows Wasabi’s $27.5M in debt financing announced in January. The C round brings Wasabi’s total equity financing to $219 million.

“This new funding is a watershed event for Wasabi,” said Wasabi CEO & Co-Founder David Friend. “With revenues tripling for each of the last 3 years and over $100M of new investment led by one of the world’s largest and most prestigious financial institutions, our customers will know that their data is in the hands of a reliable, fast-growing company with the substantial resources to meet their growing needs. Storing the world’s data in the cloud is one of the biggest opportunities in the IT industry, and we are now well-positioned to secure a leadership role in the evolution of the cloud. We will continue to invest in our proprietary software, grow our channel, enhance our brand and expand storage capacity around the world.”

https://wasabi.com/press-releases/wasabi-secures-112m-series-c-financing-sets-sights-on-global-expansion-and-company-growth/

  • Wasabi was started by co-founders David Friend and Jeff Flowers, who previously collaborated on the founding of five other successful tech companies. Their previous venture is Carbonite, a consumer service that backs up hundreds of millions of new files every day using technology that Jeff and David’s team created.

Wednesday, April 28, 2021

Opsera raises $15 million for its DevOps orchestration

Opsera, a start-up based in San Francisco, announced $15 million in Series A funding for its orchestration platform for DevOps. 

Opsera said its self-service, no-code DevOps orchestration platform helps engineers to provision or integrate their CI/CD tools of choice from a common architectural framework. This enables them tobuild declarative pipelines for a variety of use cases including SDLC (software delivery lifecycle), IaC (infrastructure as code) and SaaS application releases e.g. Salesforce, Workday, etc. Opsera simplifies the set-up, use, and management of commercial and open-source tools across the DevOps ecosystem, and correlates and unifies data to provide contextualized diagnostics, metrics and actionable insights. 

The funding round was led by Felicis Ventures. Existing investors Clear Ventures, Trinity Ventures and Firebolt Ventures, and new investor HMG Ventures, also participated. The company has raised $19.3 million since it was founded in 2020. 

http://opsera.io


Sunday, April 25, 2021

EFFECT Photonics raises $43 million for system-on-chip

EFFECT Photonics, a leading developer of DWDM components based on its optical System-on-Chip technology, announced $43 million in Series-C funding.

EFFECT Photonics, which is a spin-off from the Eindhoven University of Technology in the Netherlands, has developed a photonic chip in which light signals can be generated, modulated, filtered, and detected. 

The first close of the investment round, was co-led by Smile Invest together with existing investor Innovation Industries Fund, exactly one year after announcing the tape-out of its Manta full photonic integration coherent PIC. Smile Invest are joined by existing investors including Innovation Industries Fund, Photon Delta, btov Partners, Brabant Development Agency (BOM) and individual investors. This new round of funding will be used to further expand the current product line of optical transceivers for among other things 5G networks, and to scale up production capacity. In addition, the R&D activities for the next generation of optical chips, with capacity of more than 400 gigabits per second, will also be ramped up.

Boudewijn Docter, one of the founders and President of EFFECT Photonics: “As a company, we have come a long way to make the photonics technology market-ready. We are pleased that Invest-NL is joining our other investors in helping us scale up our production and enabling us to bring additional products to market quicker”.

Ruud Zandvliet, Senior Investment Manager at Invest-NL: “The Netherlands has a unique ecosystem for photonics technologies. EFFECT Photonics is a leading player in this field, capable of developing complex, fully integrated photonic chips. This offers the company the opportunity be a leading player as a manufacturer of the next generation of transceivers. By joining this investment round, Invest-NL contributes to the availability of financing for upscaling and future R&D investments. This is a good example of the role Invest-NL plays in increasing the strength of scale-ups and is in line with our objective of making the Netherlands more sustainable and innovative.

https://effectphotonics.com/


Monday, March 15, 2021

AEPONYX secures funding for silicon photonics on MEMS

AEPONYX, a start-up based in Montreal, announced the closing of a new $10 million funding round to support the buildout its 5G product portfolio.

Participants in this funding round were Fonds Ecofuel, BDC, Investissement Québec, and Fonds Innovexport.

“We are delighted to bring innovative products to the 5G market” says Philippe Babin, CEO of AEPONYX. “The creation of our integrated photonics with MEMS products enable the

Telecom industry to advance their next-generation networks. With the 5G adoption rate eclipsing where 4G was at this point in time, we see tremendous growth potential.”

AEPONYX said its integrated photonics innovations combined with their fast-tuning and ultra-small MEMS devices are well suited for telecom applications.

“While our technology works beautifully in quantum computing, LiDAR, and sensors, we are targeting telecom as our first market vertical” says Babin.

“These optical devices, combining high data rates with being quite small in size, are exactly what the market is looking for to advance the global 5G infrastructure significantly” stated Fonds Ecofuel’s Managing Partner, Richard Cloutier.

http://www.AEPONYX.com


Wednesday, March 3, 2021

Yugabyte raises $48 million for distributed SQL databases

Yugabyte, a start-up based in Sunnyvale, California, announced a $48 million funding round to support its open source, SQL database business.

Yugabyte is the company behind YugabyteDB, an open source, high-performance distributed SQL database for building global, internet-scale applications. The company says enterprise adoption of YugabyteDB continues to accelerate, particularly in the e-commerce, financial services and telecommunications verticals where geographic data distribution, transactional capabilities and horizontal scalability are critical for systems of record. Yugabyte customers include Hudson River Trading, Kroger, Narvar, Turvo, Manetu and Xignite, among others.

Yugabyte is building out its engineering, DevOps and support staff in India, Russia and Canada. To turbo-charge these efforts, it recently acquired India-based Falarica.io to accelerate its development and recruiting efforts in the APAC region. The company is also expanding its sales teams in EMEA and APAC because of strong demand for its open source distributed SQL database, and related products and services.

The funding round was led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC. Coming on the heels of a $30 million capital raise announced in June 2020, the round brings Yugabyte’s total funding to $103 million. The funding will be used to expand Yugabyte’s R&D, sales and customer functions in the EMEA and APAC markets. To support its aggressive expansion plans, Yugabyte will double its headcount in 2021.

“Today’s business environment demands flexibility and elasticity from database solutions, and distributed SQL is now critical for any organization where developer productivity and application uptime are top priorities. YugabyteDB makes something as fundamental and feature rich as PostgreSQL truly cloud native, resilient, elastic, and distributed,” said Kannan Muthukkaruppan, Co-Founder and President, Yugabyte. “With companies of all kinds accelerating their digital transformation initiatives, technologies that help them accelerate, like YugabyteDB, are in high demand. This new round of funding will position Yugabyte to meet this increased enterprise demand and power our global expansion into key markets.”

https://www.yugabyte.com/

Thursday, February 11, 2021

Pivotal Commware secures $50M for Holographic Beam Forming

Pivotal Commware, a start-up based in Kirkland, Washington, announced $50 million in C round funding for its Holographic Beam Forming technology for 5G mmWave infrastructure.

Pivotal’s mmWave product ecosystem includes its WaveScape network modelling tool, Pivot 5G outdoor network repeaters, Echo 5G indoor subscriber repeaters, and Intelligent Beam Management System (IBMS) for remote management and optimization.  

The company plans to extend its products and services into mid-band frequencies like the recently auctioned C-Band, CBRS, Band n53 and other upcoming frequency bands.

The funding round was led by an affiliate of Tracker Capital Management, which was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management. Tracker Capital was joined in this round by Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Pivotal’s existing investors, including DIG Investment, Thermo, Lux Capital and Bill Gates, also participated in the financing.

“As the telecom industry evolves globally, we believe that Pivotal is at the forefront of the next wave of telecom infrastructure providers,” said Pivotal CEO Brian Deutsch. “For 5G, ultra-wideband mmWave is the real game changer and Pivotal has built the complete solution for rapid, cost-effective deployment of these high-value networks. We are extremely pleased to have a partner like Tracker Capital, with its extensive telecom horsepower and expertise that shares our vision for the future of our crucial and rapidly expanding industry.”

Pivotal COO Chris Brandon commented: “This capital will allow Pivotal to become a significant 5G telecom infrastructure provider on a global stage.”

https://pivotalcommware.com/



Monday, November 9, 2020

Cellwize raises $32 million for its 5G automation and orchestration

Cellwize, a start-up headquartered in Singapore with R&D in Israel, announced a $32 million Series B funding round for its mobile network automation and orchestration solution.

The new funding round was led by Intel Capital and Qualcomm Ventures LLC with participation from Verizon Ventures, Samsung Next, and existing shareholders.

Cellwize offers a RAN automation and orchestration platform for 5G rollouts. Cellwize CHIME enables operators to accelerate their 5G deployment by automating key business processes in the RAN domain. The company leverages artificial intelligence and machine learning for zero-touch 5G deployments, for automating 2G/3G/4G/5G network optimization, and for delivering mobile network assurance. 

"We are delighted to have been selected by these leading VCs for their strategic investments to accelerate 5G in a way that is open and disaggregated," said Ofir Zemer, CEO of Cellwize. "This is a clear reflection of the trust they have in Cellwize and in the cutting-edge capabilities of CHIME for enabling the 5G revolution. "

"Intel Capital is a lead investor in Cellwize because we're excited about the opportunity Cellwize has to help operators transform their networks to accelerate the 5G revolution," said David Flanagan, vice president and senior managing director at Intel Capital. "Cellwize and Intel Capital are aligned in their vision that Cellwize's cloud-native platform, which includes AI-based automation technology, will help customers deploy complex 5G networks in a more efficient, scalable, and flexible way. 

"Qualcomm is at the forefront of 5G expansion, creating a robust ecosystem of technologies that will usher in the new era of connectivity," said Merav Weinryb, Senior Director of Qualcomm Israel Ltd. and Managing Director of Qualcomm Ventures Israel and Europe. "As a leader in RAN automation and orchestration, Cellwize plays an important role in 5G deployment. We are excited to support Cellwize through the Qualcomm Ventures' 5G global ecosystem fund as they scale and expedite 5G adoption worldwide." 

https://www.cellwize.com/

Thursday, November 5, 2020

Ayar Labs raises $35m for its in-package optical interconnect

Ayar Labs, a start-up based in Santa Clara, California closed $35 million in Series B financing for its in-package optical interconnect (I/O) solutions.

Ayar Labs said optical I/O (OIO) solves the major computing bottlenecks in interconnect bandwidth, power consumption, and reach.  The company is developing a monolithic in-package optical I/O (MIPO) solution for applications that require high bandwidth, low latency and power-efficient short-reach interconnects. The company's patented approach uses industry-standard silicon processing techniques to develop high speed, high density, low power optical-based interconnect “chiplets” and lasers to replace traditional electrical-based I/O. The company was founded in 2015. 

Ayar Labs publicly demonstrated its monolithic electronic photonic TeraPHY chiplet at the Supercomputing 2019 conference and is now working with select semiconductor manufacturers, OEM systems builders, and end users. 

The funding round was co-led by Downing Ventures and BlueSky Capital. New investors include Applied Ventures, LLC, Castor Ventures, Downing Ventures (U.K.), and SGInnovate (Singapore), expanding Ayar Labs’ investor base with strategic ecosystem and global investors. Existing investor participation includes BlueSky Capital, Founders Fund, GLOBALFOUNDRIES, Intel Capital, Lockheed Martin Ventures, and Playground Global.

“Over the last year, we have continued to invest and grow our organization, and have demonstrated a number of technology firsts while securing additional customer and ecosystem relationships,” said Charles Wuischpard, CEO of Ayar Labs. “The investment interest from new and existing strategic and financial investors despite these difficult global times allows us to continue executing our long-range plan for making Ayar Labs Optical I/O a ubiquitous computing solution.”

http://www.ayarlabs.com

Ayar Labs has been selected as Intel’s optical I/O solution partner for their recently awarded DARPA PIPES (Photonics in Package for Extreme Scalability) project. The PIPES project aims to develop integrated optical I/O solutions co-packaged with next generation FPGA/CPU/GPU and accelerators in Multi-Chip Packages (MCP) to provide extreme data rates (input/output) at ultra-low power over much longer distances than supported by current technology....

Ayar raises $24m for TeraPHY chips, appoints CEO

Ayar Labs, a start-up based in Emeryville, California, raised $24 million in Series A funding for its work in silicon photonics for high-speed connectivity. Ayar Labs said it is pursuing a unique silicon photonics approach that uses fiber optic technology to move data between chips, rather than traditional copper pins and wires. It delivers improvements of 10x more bandwidth and 10x lower power compared to electrical interconnections. The funding...


Tuesday, August 25, 2020

Kymeta completes $85 milllion funding round led by Bill Gates

Kymeta, a developer of satellite antennas, completed an $85 million funding round led by Bill Gates with members of the leadership team personally investing approximately $1 million, including Kymeta Executive Chairman, Doug Hutcheson.

Kymeta offers an electronically steered flat panel antenna platform built specifically for mobility and designed for the needs of military, first responders and commercial customers. The advanced u8 antenna supports global land mobility, covering the full Ku-band with improved efficiency. The company also offers a hybrid satellite-cellular connectivity service.

“As a company, we’re just scratching the surface of how powerful hybrid satellite-cellular communications can be when combined with an affordable electronically steered flat panel antenna offered to the global land mobility ecosystem,” said Doug Hutcheson, Executive Chairman, Kymeta. “Having the continued support of Bill Gates will help us execute our vision even more rapidly and broadly – and with the benefit of experience, perspective and relationships of a leading and highly successful technology backer.”

http://www.kymetacorp.com



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Tuesday, August 11, 2020

SiFive raises $61 million for RISC-V

SiFive, a start-up specializing in RISC-V processor IP and silicon solutions,  raised $61 million in a Series E round.

SiFive, which is based in San Mateo, California, develops a range of processor cores, accelerators, and SoC IP to create domain-specific architecture that will enable efficient, high-performance computing solutions. Recently, SiFive announced the SiFive 20G1 update for SiFive Core IP, enabling significant enhancements for performance, power, area, and features, with pre-integrated SiFive Shield, for whole SoC security, and SiFive Insight advanced trace and debug capabilities.

The latest funding round was led by SK hynix, joined by new investor Prosperity7 Ventures, with additional funding from existing investors, Sutter Hill Ventures, Western Digital Capital, Qualcomm Ventures LLC, Intel Capital, Osage University Partners, and Spark Capital.

“Global demand for storage and memory in the data center is increasing as AI-powered business intelligence and data processing growth continues”, said Youjong Kang, VP of Growth Strategy, SK hynix. “SiFive is well-positioned to grow with opportunities created from data center, enterprise, storage and networking requirements for workload-focused processor IP.”

http://www.sifive.com

Sunday, July 19, 2020

Singapore's Transcelestial raises US$9.6M for free space optics

Transcelestial, a start-up based in Singapore, has raised US$9.6 million in Series A funding for its work in free space laser communications.

The funding round was co-led by EDBI, a Singapore Government investment arm, and Wavemaker Partners. The round included participation by new investors Airbus Ventures, Cap Vista, the strategic investment arm of the Defence Science and Technology Agency of Singapore, Partech and Tekton Ventures, with participation from existing investors Entrepreneur First and SEEDS Capital, an investment arm of Enterprise Singapore, and 2 previous angels.

Transcelestial has built a proprietary Wireless Laser Communication (a.k.a Wireless Fibre Optics) technology which combines the speed of fibre optics with the flexibility of radio waves in order to overcome some of these bottlenecks.  The company's CENTAURI network device creates a wireless distribution network between buildings, traditional cell towers, street-level poles and other physical infrastructure. At launch, there are two versions of devices available - 1 Gbps Full Duplex (4G & Enterprise ready) and 10 Gbps Full Duplex (5G-ready). Higher bandwidth capabilities will be unlocked and available for order shortly.

“With the Series A capital raise, we are now working actively to get CENTAURI in the hands of customers globally within the next 12 months. In order to deliver on this global promise, we have set up a manufacturing capability which will scale into the world’s largest for production of CENTAURI class Wireless Fibre Optics devices. This will bring our groundbreaking proprietary technology of real time optical alignment and weather compensation to within a commercial price point,” said Dr. Mohammad Danesh, CTO and Co-Founder of Transcelestial.

Transcelestial is also developing a constellation of small satellites in Low Earth Orbit with the aim of delivering an ultra high speed backbone network connectivity.

“At Airbus Ventures we’ve been particularly impressed to see how Rohit, Danesh, and the Transcelestial team have built crucial connectivity elements that have immediate application in these challenging times, and now have a solid basis to develop these capabilities toward a game-changing leap in connectivity delivered from Low Earth Orbit,” comments Thomas d’Halluin, Airbus Ventures Managing Partner based in Menlo Park California.  Adds Dr. Lewis Pinault, Partner for Asia Pacific based in Tokyo, “as our first investment in Singapore we’re pleased to have such a marquee company as Transcelestial to help us widen our presence in the region, and we look forward to opening our new offices in Singapore in close partnership with the outstanding co-investors Transcelestial has attracted.

“Space-based laser communications is the future of Internet connectivity happening right at our doorstep. With the backdrop of burgeoning growth in Southeast Asia, we believe that Transcelestial’s Wireless Laser Communication Technology will disrupt and enable unprecedented connectivity within the region and beyond. More than that, we see Transcelestial playing a key role in putting Singapore Spacetech on the map, and seeding the growth of the regional Spacetech ecosystem as well,” said Chng Zhen Hao, CEO of Cap Vista.

http://www.transcelestial.com

Tuesday, June 16, 2020

Credo raises $100 million for serial connectivity devices

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

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

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

Credo is a founding member of the HiWire Consortium.

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

https://www.credosemi.com