Showing posts with label Silicon Valley. Show all posts
Showing posts with label Silicon Valley. Show all posts

Tuesday, May 17, 2022

Eridan lands $46 million for direct polar transmitter in gallium nitride and silicon

Eridan, a start-up based in Mountain View, California, raised $46 million in financing for its MIRACLE RF Front End Module. 

Eridan has built a direct polar transmitter in gallium nitride and silicon, which promises:

  • 10x less input power to provide the same coverage
  • 60-100x reduction in power consumption in sparsely-populated areas, due to improved spatial efficiency
  • Equipment that’s smaller, lighter, and less expensive to install, and doesn’t require specialized power sources or heavy heat sinks

The funding was led by Capricorn’s Technology Impact Fund and Monta Vista Capital with additional participation from Social Capital, Diamond Edge Ventures and Pilot Grove Management.

The company anticipates initial stages of deployment in late 2023 in small cells and Massive MIMO systems for urban and suburban locations.

"Accessible, efficient and reliable wireless connectivity is critical to our future economic, environment and social well being. Achieving that reality, however, is impossible without a major technology breakthrough to reduce the spectrum and power needed. That’s how Eridan will provide improved and expanded connectivity for everyone, everywhere, using a fraction of the power," stated Doug Kirkpatrick, Eridan CEO and Co-founder.

https://eridan.io

Wednesday, May 4, 2022

Google acquires Raxium for MicroLED display technologies

Google has acquired Raxium, a start-up based in Fremont, California developing single panel MicroLED display technologies. Financial terms were not disclosed.

On its website, Raxium claims to have developed the world’s highest performance ultra-high density
monolithic RGB µLED displays measuring ~3.5 um per pixel, as compared with Super AMOLED displays at ~50 um per pixel.

https://www.raxium.com

https://blog.google/inside-google/company-announcements/google-acquires-raxium/

Monday, March 28, 2022

Celona raises $60 million for private cellular

 Celona, a start-up based in Cupertino, California, closed a $60 million Series C financing round for its solutions aimed at bridging the gap between LTE/5G cellular wireless and enterprise IT infrastructures.


Celona says that since launching its integrated 5G LAN platform in November 2020, it has seen strong demand from a range of enterprises, managed service providers and mobile network operators. The company’s customer base includes Verizon, NTT Ltd, SBA Communications, St. Luke’s Hospital System, Purdue Research Foundation, California State University (CSU) Stanislaus, and many other brand-named enterprises.

The lastest funding round led by DigitalBridge Ventures and included participation from all of Celona’s existing investors:  Lightspeed Venture Partners, Norwest Venture Partners, NTTVC, Qualcomm Ventures and Cervin Ventures. The new financing brings Celona’s total capital investment to $100 million. 

"This latest financing round is a strong endorsement of both our existing accomplishments leading the market in 5G network adoption and the tremendous growth prospects still ahead for Celona,” said Rajeev Shah, Co-Founder and CEO of Celona. “We are proud to have the support of a top-tier group of investors, including DigitalBridge leading this financing round. We believe that Celona has all the right pieces in place to build upon our foundation of disruptive innovation and leadership with our 5G LAN technology, particularly with these additional resources to expand our reach and grow our capabilities.”

https://www.celona.io/

  • In addition, Celona announced the appointment ofr Robert Mustarde as Senior Vice President of Worldwide Sales. Mustarde most recently held leadership positions at Versa Networks and Ruckus Wireless.


Verizon teams with Celona on Private 5G

Verizon Business will integrate Celona's wireless private networking solution.The strategic partnership will focus on leveraging the power of Verizon’s On Site LTE and 5G network with Celona’s c5G LAN products. The joint offer will deliver an enterprise-friendly approach to private networks that is designed to meet growing demand for the reliable wireless performance, coverage and connectivity required by a new era of network-dependent business applications...

2022 Predictions from Thought Leaders

The following media comprises interviews and other content related to 2022 industry predictions. Views expressed are those of the presenting individuals and companies and may not necessarily represent views of Converge! Network Digest or AvidThink.https://ngi.how/jn-bament-pred-2022https://ngi.how/infinera-pred-2022https://ngi.how/aarna-pred-2022https://ngi.how/ocp-rw-pred-2022https://ngi.how/accedian-pred-2022https://ngi.how/aryaka-pred-2022htt...

NTT launches Private 5G Network-as-a-Service

NTT is launching a Private 5G platform (P5G) Network-as-a-Service on a globally-available basis.NTT P5G helps enterprises supplement their Wi-Fi connectivity with an integrated, private 5G network running on a cloud-native architecture. The platform can be delivered via cloud, on-premises, or at the edge. The platform is pre-integrated with leading network and software partners, allowing enterprises to secure, scale and segment their network flexibly....

Celona adds eSIM provisioning for private mobile networks

Celona is supporting enterprise embedded subscriber identity modules (eSIMs) to simplify the provisioning and streamline the management of client devices accessing private mobile networks. By using software-based eSIMs, device provisioning for private mobile networks can be effectively centralized and automated. Enterprise IT staff can now provide users with QR activation codes that once scanned will trigger the secure download and installation...

Celona: Private Cellular in the Enterprise

https://youtu.be/vr2flgmGEykIT professionals, operational technology leader and enterprise innovation teams each have different requirements that can benefit from Private Mobile Networks. In this video, Özer Dondurmacıoğlu, VP of Marketing at Celona, shares practical lessons learned from his enterprise customers and key business drivers.Solution Demo: Celona Platform and MicroSlicing - https://youtu.be/UD7sS7P3wGoCase Study Video: Real world Performance...

Wednesday, March 23, 2022

Spectro Cloud raises $40M for Kubernetes management platform.

Spectro Cloud, a start-up based in Santa Clara, California, announced $40 million in Series B funding for its Kubernetes (K8s) management platform.

Spectro Cloud’s next-generation Palette Kubernetes management platform delivers full-stack lifecycle management. That includes any combination of new and existing Kubernetes clusters, be they virtualized or bare metal data centers, public clouds or edge locations.

Spectro Cloud announced its Real Metal architecture in October, and its extension to add support for edge locations on March 15. The company’s Palette Edge, Palette Bare Metal, Palette Cloud, Palette Standard and Palette Premium products allow organizations to deploy and manage any type of Kubernetes cluster across any location.

The new funding round was led by New York City-based Stripes, a leading investor in software and consumer products. Other investors participating in the round included Sierra Ventures, Boldstart Ventures, WestWave Capital, T-Mobile Ventures and Alter Venture Partners, all of which also participated in the $20 million Series A funding round that Spectro Cloud closed in July. Additionally, TSG has invested in this Series B round.

“This investment validates Spectro Cloud’s vision and accomplishments toward making Kubernetes more accessible and manageable so organizations can speed up adoption in any environment,” said Tenry Fu, Spectro Cloud co-founder and CEO. “Our approach with Palette is simple: to remove the common pitfalls and trade-offs that organizations face when adopting Kubernetes. Spectro Cloud’s recent Palette Edge and Palette Bare Metal announcements demonstrate our ability to extend a unique approach to every environment under management — even the most challenging ones. The fresh capital will enable us to develop more features, and expand our go-to-market plan internationally to address customer demand.”

https://www.spectrocloud.com 



Sunday, February 6, 2022

Celestial AI raises $56M for Photonics Fabric for multi chip systems

Celestial AI, a start-up based in Sunnyvale, California, raised $56 million in Series A funding for its proprietary hardware and software platform for machine learning chipsets.

Celestial AI’s proprietary Photonic Fabric technology platform aims to to fundamentally transform multi-chip processing systems. The Photonic Fabric enables optically addressable memory and compute (within chip and chip-to-chip). The company says uts proprietary architecture enables elegant, low-complexity system software, allowing highly efficient mapping of data and compute without the need for complex optimizations. This software advantage extends to multi-chip exascale systems as the Photonic Fabric democratizes optical access to effectively limitless memory and compute. 

The funding round led by Koch Disruptive Technologies (KDT) with participation from Temasek’s Xora Innovation fund, The Engine, the venture firm spun out of MIT, Tyche Partners, Merck’s corporate venture fund, M-Ventures, IMEC XPand, and venture capital investor in the Princeton University ecosystem, Fitz Gate. 

The new capital will be used for expanding the global engineering team, product development and strategic supplier engagements, including Broadcom, to build the company’s Orion AI accelerator products. 

“We are addressing the problem of our time in computing – efficient data movement,” said Celestial AI founder and CEO David Lazovsky. “Celestial AI’s hybrid photonic-electronic platform allows us to leverage the complementary strengths of electronics for high-performance, high-precision computing and photonics for high-speed, low-power, high-bandwidth data movement. The result is transformational performance advantages relative to electronic-only systems. The ML application benefits extend beyond performance and low power to latency, user friendly software, and low total cost of ownership. Our competitive differentiation will increase with time, as AI model complexity increases, driving increased data movement.”

“Photonics is poised to be the technology to usher in the next era of rapid growth in AI and high-performance computing, and we believe the Celestial AI team has the experience and vision to drive this industry transformation,” said Isaac Sigron, Managing Director of KDT, and newly-appointed Celestial AI Board Member. “It was Celestial AI’s software advantages that ultimately drove our decision to lead this financing. Their system architecture enables unparalleled software simplicity, which translates to ease of use for customers and reduced time to market. Software is the pathway to revenue, and Celestial AI’s solution changes the game in this large and rapidly expanding market.”

https://www.celestial.ai

Thursday, January 27, 2022

NEC to acquire Blue Danube for Massive MIMO 5G beamforming

NEC agreed to acquire Blue Danube Systems, a start-up based in Santa Clara, California. Financial terms were not disclosed. 

Blue Danube has successfully demonstrated its Coherent Massive MIMO 5G beamforming technology in numerous trials around the world, delivering up to 3X capacity increases with first generation software in commercial mobile networks using existing mobile phones. The company says its Coherent Massive MIMO together with autonomous AI/ML beam optimization software will enable mobile network operators to improve overall multi-site performance in both FDD and TDD bands. 

Blue Danube has been shipping products commercially for over 5 years.

Mark Pinto, CEO of Blue Danube, said, “We are excited about joining the NEC team that is an Open RAN leader and recognized for its end-to-end Open 5G solutions and system integration capabilities. Becoming part of NEC enables Blue Danube to expand our 5G product offerings, and together we will bring ever more powerful hardware and software products based on O-RAN specifications to customers worldwide.”

http://www.bluedanube.com

  • Blue Danube Systems was backed by Sequoia Capital and Silver Lake along with other investors including AT&T. 

Blue Danube announces coherent Massive MIMO

Blue Danube Systems announced its first Coherent Massive MIMO solution for TDD networks. Blue Danube said its approach to Massive MIMO starts by assuring RF array coherency which, in conjunction with digital processing, uniquely enables the definition, placement and dynamic coordination of high precision beams. These beams can be software controlled to direct RF energy towards high user-density areas, while minimizing adjacent sector interference,...

Blue Danube demos FDD Massive MIMO in Clustered Multi-Sectors

Blue Danube Systems announced the commercial deployment of its massive MIMO solution to multiple clustered cell sites. Blue Danube has performed multi-sector beam optimization using its BeamCraft 500 Massive MIMO systems at two different sites within the FDD-LTE network at a US mobile operator. The company said that it has not been clearly proven until now that Massive MIMO is deployable beyond isolated high-demand sectors where effects such as...

Blue Danube intros 96-element, Multiband, Massive MIMO Antenna

Blue Danube Systems, a start-up based in Santa Clara, California, introduced its 96-element, second-generation 5G-ready Massive MIMO system. Blue Danube's the BeamCraft 600 series supports simultaneous beamforming over multiple frequency bands and across multiple cellular standards, allowing operators to deliver increased capacity through a single compact system. The company said its Massive MIMO can dynamically direct radio frequency (RF) beams...


Monday, December 20, 2021

Airbyte raises $150M in series B funding

Airbyte, a start-up based in San Francisco, raised more than $150 million in Series B funding for its open source data integration platform.

Airbyte said its open-source data integration solves two problems: First, companies always have to build and maintain data connectors on their own because most less popular “long tail'' data connectors are not supported by closed-source ELT technologies. Second, data teams often have to do custom work around pre-built connectors to make them work within their unique data infrastructure. Within 17 months, Airbyte caught up with the ETL incumbents with 150 connectors, most of which are maintained actively or built by the community. These connectors run in Docker containers, and can be built in any programming language and can be deployed in minutes on any platform. The company claims that in the last year, more than 9,000 companies have synced data using Airbyte from sources such as PostgreSQL, MySQL, Facebook Ads, Salesforce, Stripe, and connect to destinations that include Redshift, Snowflake, Databricks and BigQuery.

The funding round was led by Altimeter Capital and Coatue Management, also including Thrive Capital, Salesforce Ventures, Benchmark, Accel, and SV Angel.

“Airbyte has already made a huge impact in a very short period of time and has more than 1,000 companies lined up to take advantage of its Airbyte Cloud data service that is starting to roll out,” said Jamin Ball, partner at Altimeter Capital. “There is tremendous market momentum on top of Airbyte’s disruptive model to involve its users in building the ecosystem around its data integration platform.”

“With the rise of the modern data warehouses, our mission is to power all the organizations’ data movement and doesn’t end at ELT,” said co-founder and CEO, Michel Tricot. “By the end of 2022, we will cover more types of data movement, including reverse-ETL and streaming ingestion.”

https://airbyte.io

Thursday, December 9, 2021

Expedera raises $18M for deep learning accelerator from founders of Marvell

Expedera, a start-up based in Santa Clara, California announced a $18 million Series A funding round led by Dr. Sehat Sutardja and Weili Dai (founders of Marvell Technology Group) and other prominent semiconductor industry investors. 

Expedera is developing a deep learning accelerator IP that is scalable up to 128 TOPS with a single core and to PetaOps with multi-core. The company says it will achieve the highest performance per watt. The solution is aimed at a wide range of AI inference applications, particularly at the edge. Expedera’s Origin IP and software platform supports popular AI frontends including TensorFlow, ONNX, Keras, Mxnet, Darknet, CoreML and Caffe2 through Apache TVM. By licensing its technology as a semiconductor IP, Expedera enables any chip designer to add state-of-the-art AI functionality to their product.

The latest funding brings the total amount raised to over $27 million.

“This financing underscores the success that Expedera has had so far and will enable us to expand our portfolio and team to meet the market needs,” said Da Chuang, CEO of Expedera. “We are incredibly happy to have Weili Dai and Sehat Sutardja lead this round. As highly respected veterans of the semiconductor industry, they have a unique understanding of the market and customer needs. I look forward to a long partnership.”

“Device makers have typically needed to build their own chips and usually, only the largest companies could afford to do so,” said Mr. Gwennap. “Expedera’s IP model provides a more cost effective way to address the sprawling edge AI market. A single IP supplier can license to any or all of the numerous chip vendors that supply a multitude of device makers in the edge market.”

http://www.expedera.com



Wednesday, November 17, 2021

BlastWave secures remote access with microsegmentation + passwordless MFA

BlastWave, a start-up based in Palo Alto, California, unveiled a software-defined perimeter (SDP) solution that combines infrastructure cloaking and passwordless multi-factor authentication (MFA) for identity-based secure remote network access.

The company's all-in-one "BlastShield" SDP solution aims to protect remote network access from inadvertent and intentional threats for organizations who’ve adopted a zero trust security model. BlastShield uses software-defined microsegmentation without modifications to existing network fabric and hardware to hide on-premise and cloud workloads from outsiders and insider threats. Using passwordless MFA, BlastShield prevents account takeovers while combining the SDP capabilities of asset cloaking to hide an organization’s infrastructure from cyberattacks.

BlastShield can be deployed on virtual machines, cloud, X86 platforms or as a host agent. It utilizes ultra-lightweight, software-based protective gateways and automatically bonds with "peers" to form an invisible peer-to-peer fabric. BlastShield renders protected assets and applications invisible to attackers and cannot be detected by network scanning technologies. 

BlastWave says its BlastShield solves the three most critical steps in the cyber kill chain for an attacker: (1) account takeover; (2) lateral movement; and (3) remote access compromise. By disrupting the adversarial decision-making process, the mean time to detection (MTTD) and mean time to response (MTTR) can be greatly reduced, lowering the cost of a breach and potential for data compromise.

“We took the time to speak with our partners and customers, asking CISOs and CTOs about security attacks and threats they were experiencing and why current solutions were not working," said Tom Sego, Co-Founder and CEO, BlastWave. "Networks are becoming more complicated and diverse. Homes are becoming part of the corporate network, and more devices are getting IP addresses. Cybercriminals love this complexity as they can leverage a wider array of attack vectors. Traditional remote management solutions haven’t kept up with this evolution, which explains the explosion in ransomware and cyber-attacks over the past few years and exodus away from legacy VPNs and flat networks.”

Sego added, “With BlastShield, we apply both a zero trust framework and simplicity for users and administrators to eliminate and reduce human error and the most common threats. As an example, our authentication process is similar to Apple Pay. It's quick, easy and extremely secure for users without the hassle and risk of dealing with passwords."

BlastWave currently has eight customers and dozens of Proof of Concept (PoC) trials.

https://www.blastwave.io/blastshield

Monday, September 27, 2021

Astera raises $50 million for data center connectivity silicon

Astera Labs, a start-up based in Santa Clara, California, raised $50 million in an over subscribed Series-C funding round for its silicon solutions for intelligent systems.

Astera Labs recently launched its Aries Smart Retimer portfolio for Compute Express Link (CXL) 2.0 and PCI Express (PCIe) 5.0 that enable workload-optimized platforms in the cloud. The company is also developing ASIC and module solutions that unlock complex system topologies critical to mainstreaming data-intensive applications such as Artificial Intelligence and Machine Learning.

The new funding was led by Fidelity Management and Research. Fidelity was joined in this funding round by Atreides Management and Valor Equity Partners, with continued participation from existing investors Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, and VentureTech Alliance. Prior to this round, Astera Labs raised only $35 million over three years.

“We are thrilled to join forces with Fidelity, Atreides, and Valor to cement our leadership position in intelligent cloud connectivity solutions and usher Astera Labs into the next growth phase of our company,” said Jitendra Mohan, CEO, Astera Labs. “With this investment and increased collaboration with our manufacturing partners, we will rapidly scale our worldwide operations to satisfy incredible customer demand and launch multiple new product lines to solve the industry’s most pressing connectivity challenges.”

“CXL has opened a new era of data center system architecture that is critical to realize the vision of AI in the cloud,” said Sanjay Gajendra, Chief Business Officer, Astera Labs. “We are leading the industry with design wins at the five most significant CPU/GPU/AI processor platforms in the world and the majority of Cloud customers. This positions us well to capitalize on CXL’s exciting new capabilities for cache-coherent and memory interconnects.”

http://www.AsteraLabs.com

Monday, September 20, 2021

NTT Research inaugurates "OneVision" Center in Silicon Valley


Kazuhiro Gomi, President and CEO of NTT Research, introduces the new NTT OneVision Center in Sunnyvale, California.  The new facility is built for a post-pandemic vision of the workplace, with collaboration-focused spaces, state-of-the-art health monitoring capabilities, and new layouts. 

The video also features the ribbon cutting and inauguration speech on September 19, 2021.

For more insights from industry thought leaders check out: https://nextgeninfra.io/



Wednesday, July 21, 2021

Fungible appoints Eric Hayes as CEO

 Fungible has appointed Eric Hayes as its new CEO and member of Fungible’s Board of Directors, succeeding Pradeep Sindhu, who has served as Executive Chairman and CEO since Fungible’s inception. Sindhu will continue his role as Executive Chairman and assume the role of Chief Development Officer, where he will lead the engineering teams responsible for the company’s products and solutions.

Hayes most recently served as the Senior Vice President and General Manager of the High-Speed Connectivity business unit at Inphi where he led the company’s multi-hundred-million-dollar PAM4 DSP business. Prior to joining Inphi he held multiple senior leadership positions in marketing and general management at Marvell, Cavium and Broadcom. 


“It has been a great privilege for me to lead this extraordinarily talented group of dedicated individuals to invent the DPU and bring to market industry leading products that exploit its unique capabilities. The DPU is a new category of microprocessor destined to become a key building block of data centers as the industry embraces data-centric computing. My new role allows me to focus on technology: taking the learnings from our first generation of DPUs and applying them to the next and further enhancing our already industry leading products,” said Pradeep Sindhu, Co-Founder, Executive Chairman and Chief Development Officer of Fungible. 

“There are tremendous opportunities for Fungible to radically transform the global data center industry in the coming years, thanks to the great work of Pradeep and the team,” said Eric Hayes, CEO of Fungible. “I can’t express how truly inspired I am to join Fungible at this pivotal time. While many other companies continue to invest in faster CPUs and GPUs, the real bottleneck to achieving performance at scale remains the inability to efficiently disaggregate CPUs, GPUs and storage over a high performance standards-based network. The market is ripe for disruption, and Fungible’s DPU is the only technology capable of solving this problem.”


Prime plans new 9MW data center in Santa Clara

Prime Data Centers is expanding its presence across Silicon Valley with a new 9MW data center on Martin Avenue in Santa Clara, California.

The new facility will be the second Silicon Valley data center for Prime. Construction on this three-story data center campus is set to begin this year, and completion is targeted for Q2 of 2022. The finished project will include:

  • Approximately 80,000 square feet of purpose-built data center space
  • 9MW of critical capacity with N+1 redundancy
  • World-class connectivity options

"Santa Clara is one of the most desired data center locations globally due to its proximity to the vibrant and structurally important San Francisco Bay Area. In addition, the relatively affordable power rates from Silicon Valley Power (SVP) are very advantageous," says Jeff Barber, EVP Sales and Business Development at Prime. "Yet, it is difficult to find wholesale data center space in this area because of the scarcity and expense of available real estate, and the difficulty of obtaining guarantees that the power is available to service the new capacity. Prime has such assurances from SVP in hand today."

https://primedatacenters.com/


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/


BT makes equity investment in SAFE Security

BT announced a multi-million pound investment in Safe Security, cyber risk management firm based in Palo Alto, California.

The company's Security Assessment Framework for Enterprises') platform allows organisations to take a health check of their existing defences and understand their likelihood of suffering a major cyber attack.

Philip Jansen, Chief Executive of BT, said: "Cyber security is now at the top of the agenda for businesses and governments, who need to be able to trust that they're protected against increasing levels of attack. Adding SAFE to BT's proactive, predictive security services will give customers an enhanced view of their threat level, and rapidly pinpoint specific actions needed to strengthen their defences. Already one of the world's leading providers in a highly fragmented security market, this investment is a clear sign of BT's ambition to grow further."

Saket Modi, Co-founder and CEO of Safe Security, said: "We're delighted to be working with a proven global security leader in BT. Their investment and strategic partnership with Safe Security will further accelerate our vision of making SAFE scores the industry standard for measuring and mitigating cyber risks. By aligning BT's global reach and capabilities with SAFE's ability to provide real-time visibility on cyber risk posture, we are going to fundamentally change how cyber security is measured and managed across the globe."    

https://www.safe.security/

Tuesday, July 13, 2021

Lightbits awarded U.S. patent for NVMe/TCP overprovisioning

Lightbits Labs, a start-up based in San Jose, California focused on NVMe over TCP (NVMe/TCP) software-defined storage, has been assigned a patent (11,03,6626) for “a method and system to determine an optimal over-provisioning ratio.”

The abstract of the patent (11,03,6626) published by the U.S. Patent and Trademark Office states: A system and a method of managing over-provisioning (OP) on non-volatile memory (NVM) computer storage media including at least one NVM storage device, by at least one processor, may include: receiving a value of one or more run-time performance parameters pertaining to data access requests to one or more physical block addresses (PBAs) of the storage media; receiving at least one of a target performance parameter value and a system-inherent parameter value; analyzing the received at least one run-time performance parameter value, to determine an optimal OP ratio of at least one NVM storage device in view of the received at least of a target performance parameter value and system-inherent parameter value; and limiting storage of data objects on the at least one NVM storage device according to the determined OP ratio.



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.” 


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

SentinelOne completes highest-valued cybersecurity IPO

SentinelOne, a cybersecurity firm based in Mountain View, California, completed an initial public offering of 35,000,000 shares of its Class A common stock at a public offering price of $35.00 per share, raising $1.2 billion for the firm. 

The shares, which are listed on the New York Stock Exchange under the ticker symbol "S", closed on 30-June-2021 at $42.50, giving the company a market cap of over $10 billion.

Thursday, June 24, 2021

 Illumio raises $225 million for its Zero Trust Segmentation

Illumio, a start-up based in Sunnyvale, California, announced a $225 million Series F funding round at a $2.75 billion valuation for its Zero Trust Segmentation solutions. 

Illumio says its Zero Trust Segmentation SaaS platform delivers automated enforcement in minutes, dramatically reducing risk by stopping successful cyberattacks and ransomware from moving to other applications, clouds, containers, data centers, and endpoints. Th company claims many Fortune 100 companies and hundreds of global enterprises as customers, including the three top enterprise SaaS companies, five of the leading insurance companies, and six of the ten biggest banks in the world.

The round was led by Thoma Bravo and is also supported by Franklin Templeton, funds managed by Hamilton Lane, and Owl Rock, a division of Blue Owl Capital.

“Adopting Zero Trust strategies has never been more important for organizations across all industries, as the Biden Administration’s recent cybersecurity Executive Order demonstrates. This investment signals that now is the time to reimagine the cybersecurity model as we know it, with Zero Trust Segmentation playing a fundamental role in this strategic shift,” said Andrew Rubin, CEO and co-founder of Illumio. “With this funding, we will accelerate our innovation in product and engineering, further invest in customer success, and build upon our global partner strategy.”