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

Thursday, November 7, 2019

DOCOMO invests in Metawave for 5G beamsteering

NTT DOCOMO Ventures has made an equity investment in Metawave, a start-up based in Palo Alto, California that is developing an analog beamsteering radar platform and 5G platforms which consist of active repeater and passive relay technologies. Financial terms were not disclosed.

DENSO, the world’s second-largest mobility supplier, led the funding round, and other investors included Mirae Asset Capital, and existing investors including BOLD Capital Partners.

Metawave is working on the extension of 5G radio coverage beyond line of sight from cell towers. 5G utilizes millimeter waves (mmWave) with higher frequencies and shorter wavelengths, which require innovative and advanced analog antenna technology to expand the radio coverage. Metawave’s passive relays are beautifully designed “smart mirrors” that bend and direct signals in areas of lower coverage.

NTT DOCOMO successfully conducted a 5G trial using 28GHz trial site and the passive relays utilizing Meta-structure antenna technologies in November 2018 .

As for the radar platform, Metawave is mainly focusing on the automobile industry.

“To be able to work on innovative hardware, system, software, and AI platforms in such high-growth markets is exciting and challenging,” said Maha Achour, founder and CEO of Metawave. “When I see our automotive partners excited about our radar capabilities and telecom customers demonstrating impressive results using our 5G solutions, I’m inspired and proud to lead a fearless team who has been delivering incredible results in less than 18 months from opening our development center in Carlsbad. Consumer expectations and business demands are increasing with the advent of new technologies, especially in mobility and connectivity, and being able to work closely with 5G and automotive leaders helps us visualize the future and continuously adapt as roads become safer and people strive to be more productive.”

https://www.nttdocomo-v.com/en/release/ecux5rkb7y/


Sunday, September 15, 2019

DOCOMO invests in RAFAY for Kubernetes federation

NTT DOCOMO Ventures has made an equity investment in RAFAY SYSTEMS, a start-up developing a unique lifecycle management system for containerized applications.

RAFAY builds on top of Kubernetes to deliver multi-cluster federation, runtime configuration updates, and cluster and application blueprinting.

The investment was part of an $8 million Series A round that was led by Ridge Ventures and also included Costanoa Ventures and Moment Ventures. The company previously raised $4.1m in seed funding. RAFAY says its solution enables service providers to securely and scalably distribute and operate applications in any environment while reducing reliance on resource-intensive, in-house developed tools.

RAFAY is based in Sunnyvale, CA and led by CEO and Cofounder, Haseeb Budhani.

“Kubernetes is a crucial innovation that has fast-tracked the industry’s adoption of containerized applications running in any cloud, hybrid or edge environment,” said Haseeb Budhani, CEO and Cofounder, Rafay Systems. “But Kubernetes presents a steep learning curve to companies embarking on app modernization journeys. At Rafay, we are on a mission to make Kubernetes easy to consume by any company, regardless of how far along they are on their journey. The Rafay platform empowers DevOps teams to focus on their business critical software development instead of building and maintaining complex internal tools.”

Tuesday, July 23, 2019

Arrcus scales out with Broadcom's Jericho2, raises $30m in Series B

Arrcus, a start-up that offers a hardware-agnostic network operating system for white boxes switches, announced multiple high-density 100GbE and 400GbE routing solutions for hyperscale cloud, edge, and 5G networks.

The company says its ArcOS software architecture has the foundational attributes to scale-out to an open aggregated routing solution, enabling operators to design, deploy, operationalize, and manage their infrastructure across multiple domains in the network.

"Our mission is to democratize the networking industry by providing best-in-class software, the most flexible consumption model, and the lowest total cost of ownership for our customers; we are now extending this by providing leading-edge open integration solutions for routing. ArcOS is the essential link to fully realize the unparalleled advancements in the 10Tbps Jericho2 SoC family and the resulting systems," Devesh Garg, co-founder and CEO of Arrcus.


The new ArcOS-based platforms, based on Broadcom’s 10Tbps, highly-flexible and programmable StrataDNX Jericho2 switch-router system-on-a-chip (SoC), include:

  • 24 ports of 100G + 6 ports of 400G
  • 40 ports of 100G
  • 80 ports of 100G
  • 96 ports of 100G

Key features enabled on these Jericho2-based platforms include:

  • Faster network speeds – up to 10 Tbps switching capacity, which delivers 5X the performance compared to previous generation of Jericho+
  • 4X increase in port density per chip compared to previous generation of Jericho+
  • Higher route table scale – up to 2.6M IPv4 routes (1.3M IPv6) on chip
  • Higher ACL scale of 96K with full IPv6 egress ACL support
  • Line-rate flow monitoring with sFlow® that enables real-time flow visibility at scale
  • Support for IPv4/IPv6/MPLS/Segment Routing forwarding
  • Open standards-based BGP Flowspec
  • Efficient, carrier-grade traffic management with scalable packet buffer memory
  • Visibility into HW resource utilization (ACLs, routes, etc.) to assist with traffic distribution
  • Selectable scale profiles with an ability to switch between profiles without a full system reboot
  • Arrcus is also announcing the availability of ArcIQTM, an AI-driven analytics platform for delivering real-time, transformational insights and telemetry at scale for a modern network operations center (NOC) solution.

In addition, Arrcus announced $30 million in Series B funding, bringing its total capital raised to date to $49 million.

The new funding was led by Lightspeed Venture Partners and included full participation from existing investors General Catalyst and Clear Ventures.

Arrcus, which is based in San Jose, California, was founded in 2016 by Broadcom and Cisco veterans, Devesh Garg, Keyur Patel, and Derek Yeung. Company advisors include:

  • Pankaj Patel, former EVP and CDO, Cisco
  • Amarjit Gill, serial entrepreneur who founded and sold companies to Apple, Broadcom, Cisco, EMC, Facebook, Google, and Intel
  • Kelly Ahuja, former SVP/GM, Service Provider Business, Cisco & presently CEO, Versa
  • Fred Baker, former Cisco Fellow, IETF Chair & Co-Chair, IPv6 Working Group
  • Farzad Nazem, former CTO, Yahoo
  • Rajiv Patel, ex-VP of Engineering, Juniper
  • Shawn Zandi, Director of Network Engineering, LinkedIn
  • Nancy Lee, CHRO of Lime, ex-VP of People, Google

http://www.arrcus.com

Broadcom's Jericho2 switch-routing chip boasts 10 Tbps capacity

Broadcom announced commercial availability of its Jericho2 and FE9600 chips, the next generation of its StrataDNX family of system-on-chip (SoC) Switch-Routers.

The Jericho2 silicon boasts 10 Terabits per second of Switch-Router performance and is designed for high-density, industry standard 400GbE, 200GbE, and 100GbE interfaces. Key features include the company's "Elastic Pipe" packet processing, along with large-scale buffering with integrated High Bandwidth Memory (HBM).

The new device is shipping within 24 months from its predecessor Jericho+., Jericho2 delivers 5X higher bandwidth at 70% lower power per gigabit.

In addition to Jericho2, Broadcom is shipping FE9600, the new fabric switch device with 192 links of the industry's best performing and longest-reach 50G PAM-4 SerDes. This device offers 9.6 Terabits per second fabric capacity, a delivers 50% reduction in power per gigabit compared to its predecessor FE3600.

“The Jericho franchise is the industry’s most innovative and scalable silicon used today in various Switch-Routers by leading carriers,” said Ram Velaga, Broadcom senior vice president and general manager, Switch Products. “I am thrilled with the 5X increase in performance Jericho2 was able to achieve over a single generation. Jericho2 will accelerate the transition of carrier-grade networks to merchant silicon-based systems with best-in-class cost/performance.”

Wednesday, July 10, 2019

Akash Systems raises $14.5 million for GaN-on-Diamond for sat comms

Akash Systems, a San Francisco-based startup focused on silicon for satellite communications, announced $14.5 million in Series A funding, including $10 million in new equity funds, and an additional $4.5 million converted from prior convertible notes.

Akash is currently manufacturing GaN-on-Diamond-based power amplifiers and radio modules for customers who make satellites requiring high frequency and high power efficiency. Its radio products are on track to hit the market in Q4 2019.

The company says it can achieve a dramatic reduction in the waste heat generated from the power amplifier by using GaN-on-Diamond technology, whereby the hottest part of a transistor is brought to within tens of nanometers of synthetic diamond – the most thermally conductive material developed to date.

Akash has designed its satellite transmit/receive radio modules to easily integrate with existing ground station and satellite infrastructure for satellite makers in all markets.

Investors in this round include Khosla Ventures, Founders Fund, ACME Capital, Sriram Krishnan, Correlation Ventures and others. Akash will deploy the new capital toward scaling its transmit/receive radio modules and power amplifier business, moving it closer to profitability.

“Akash Systems is playing a critical role in meeting the growing and vital need for improved satellite communications infrastructure,” said Delian Asparouhov of Founders Fund, which is focused on assisting entrepreneurs to build impactful new energy and technology companies. “We’re proud to be part of Akash’s journey as a critical enabler and accelerant in global communications.”

Monday, April 8, 2019

Tibit raises $20M for 10G PON Microplug

Tibit Communications, a start-up based in Petaluma, California, announced $20 million in Series B funding for its access devices for Passive Optical Networking (PON).

Tibit's MicroPlug OLT is a network access device for 10-Gigabit optical networking that reduces the amount of application-specific hardware needed for network deployments.The company says its standard-based SFP+ form factor allows the device to plug into almost any 10G switch port, greatly expanding architecture options for carriers. All this is enabled by the Tibit bridge ASIC, which supports a rich feature set across both ITU-T and IEEE 10G PON standards.

"The reception from our switch vendor partners and global carriers to our 2018 launch of the MicroPlug OLT has been tremendous," said Richard Stanfield, Tibit CEO and President. "The interest in deploying the Tibit solution across a variety of switch environments is a strong validation of the flexibility we've engineered into our solution."

The funding round was led by Intel Capital. TiBit was founded in 2014.

http://tibitcom.com/

Bitglass raises $70M for Cloud Access Security Broker

Bitglass, a start-up based in Campbell, California, announced $70 million in Series D funding for its Cloud Access Security Broker (CASB).

The funding round was backed by new investor Quadrille Capital and existing investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8.

Bitglass, which was founded in 2013, said it continues rapid global expansion in its roster of customers and partners.

“Cloud adoption is disruptive of incumbents securing networks, servers and other infrastructure,” said Nat Kausik, CEO of Bitglass. “Our Next-Gen CASB uniquely secures against data leakage and threats without installing more hardware and software.”

Wednesday, March 20, 2019

Portworx lands $27 million for cloud-native storage and management

Portworx, a start-up based in Los Altos, California, announced $27 million in Series C funding to support its cloud-native storage and data management solutions.

Portworx reduces storage, compute and infrastructure costs for running mission-critical multi-cloud applications while promising zero downtime or data loss. Major customers include GE Digital, Lufthansa Systems, HPE and thirty members of the Fortune Global 2000 or federal agencies.

The oversubscribed funding round was co-led by Sapphire Ventures and the ventures arm of Mubadala Investment Company, with support from existing investors Mayfield Fund and GE Ventures, and new financing from Cisco Investments, HPE, and NetApp. The company has raised $55 million to date.

“Kubernetes alone is not sufficient to handle critical data services that power enterprise applications,” said Murli Thirumale, CEO and co-founder at Portworx. “Portworx cloud-native storage and data management solutions enable enterprises to run all their applications in containers in production. With this investment round the cloud-native industry recognizes Portworx and its incredible team as the container storage and data-management leader. Our customer-first strategy continues to pay off!”

Sunday, February 10, 2019

Illumio raises $65 million for microsegmentation security

Illumio, a start-up based in Sunnyvale, California, raised $65 million in Series E funding for its cybersecurity solutions based on micro-segmentation.

The Illumio Adaptive Security Platform provides real-time application dependency and vulnerability mapping coupled with micro-segmentation that works across any data center, public cloud, or hybrid cloud deployment on bare-metal, virtual machines, and containers.

The funding round was led by clients advised by J.P. Morgan Asset Management.

Illumio has now raised over $332.5 million in funding to date.

“Regardless of industry or size, every organization has crown jewel or regulated assets running in their environment, and the only way to protect them effectively is ringfencing and segmentation,” said Andrew Rubin, CEO and co-founder of Illumio. “With this latest round of funding, we’re continuing to invest in scaling our global go-to-market as well as the innovation of our platform.”

Tuesday, January 15, 2019

Rubrik adds $261 million in funding for cloud data management

Rubrik, a start-up based in Palo Alto, California, closed $261 million in new venture funding for its Cloud Data Management platform, which delivers data protection, search and analytics, archiving and compliance, and copy data management capabilities for hybrid cloud enterprises. This gives the company total venture backing of over $553 million and a valuation of $3.3 billion. The new funding came from new investor Bain Capital Ventures, and with strong participation from existing investors Lightspeed Venture Partners, Greylock Partners, Khosla Ventures, and IVP.

Rubrik now has over 1,400 employees and is delivering global 24×365 support with three locations in the US, plus locations in Ireland, the Netherlands, India, and Tokyo.

Rubrik's value proposition is to deliver data management functions in a single software fabric spanning with


  • Instant Access – Rubrik delivers instant application recovery and predictive global search by unifying data locked within disparate application silos into one globally indexed namespace while leveraging zero-data cloning technology to enable on-demand copy data workflows.        
  • Automated Orchestration – Rubrik nearly eliminates daily operational management by enabling a single policy engine to orchestrate service level agreements across the entire data lifecycle. The Rubrik programmatic interface automates how data services are created, consumed, and retired across clouds.
  • Security and Compliance – Rubrik secures data whether in-flight or at-rest throughout its lifecycle, regardless of location. The Rubrik platform delivers granular user provisioning and data permissions across all cloud data management workflows while providing automated compliance reporting to successfully complete various industry and internal audits.

“Our previous fundraising in 2017 was focused on global expansion and increasing our reach into the enterprise market. Now, with thousands of customers around the world, industry-leading customer satisfaction ratings, and numerous analyst and industry awards, we have customers asking us to solve new challenges,” said Bipul Sinha, Co-founder and CEO at Rubrik. “This new capital will speed the introduction of exciting new products in 2019 that will solve those customer challenges and significantly expand our strategic footprint in the enterprise.”


  • In 2018, Rubrik welcomed Microsoft Chairman John W. Thompson and Chairman Emeritus and former CEO of Cisco John Chambers as a board member and a board advisor, respectively. The company also expanded its executive team with several high profile hires from leading technology companies, including: Chief Financial Officer Murray Demo (Atlassian), CIO Avon Puri (VMware), Chief Legal Officer Peter McGoff (Box), Chief People Officer Jeff Vijungco (Adobe), SVP of Product & Strategy Shay Mowlem (Splunk), and SVP of Finance & Strategy Kiran Choudary (Atlassian).


Wednesday, December 12, 2018

Tigera raises $30 million for Kubernetes security

Tigera, a start-up based in San Francisco, announced $30 million in funding for its security and compliance solutions for Kubernetes platforms.

Tigera says modern microservices architectures present a unique challenge for legacy security and compliance solutions since these new workloads are highly dynamic and ephemeral. This new architecture creates an explosion of internal, or east-west traffic that must be evaluated and secured by the network and security operations teams.

Tigera Secure Enterprise Edition (TSEE) secures Kubernetes environments and ensures continuous compliance using a declarative model similar to Kubernetes. Under the hood, TSEE authenticates all service-to-service communication using multiple sources of identity, authorizes each service based on multi-factor rules, encrypts network traffic, and enforces security policies at the edge of the host, pod, and container within the infrastructure for a defense in depth security model. All connection details are logged in a compliance-ready format that is also used for incident management and security forensic analysis.

The Series B funding was led by Insight Venture Partners, with participation from existing investors Madrona, NEA, and Wing.

Tuesday, September 11, 2018

Renesas to acquire Integrated Device Technology for $6.7 billion

Renesas Electronics Corporation of Japan has agreed to acquire Integrated Device Technology (IDT, NASDAQ: IDTI) for approximately US$6.7 billion (approximately 733.0 billion yen at an exchange rate of 110 yen to the dollar), combing two recognized leaders in embedded processors and analog mixed-signal semiconductors. IDT shares are to be acquired at a price of US$49.00 per share.

IDT, which is based in San Jose, California, is a leading supplier of analog mixed-signal products, including sensors, connectivity and wireless power. Renesas is the leading global supplier of microcontrollers, and a leader in analog & power and SoC products. The acquisition will provide Renesas with analog mixed-signal capabilities in embedded systems, including RF, advanced timing, memory interface & power management, optical interconnect, wireless power, and smart sensors.

The combination of these product lines with Renesas’ advanced MCUs and SoCs and power management ICs enables Renesas to offer comprehensive solutions that support the increasing demand of high data processing performance.

Renesas said it is working to expand its analog solution lineup and to strengthen its kit solution offerings that combine its microcontrollers (MCUs), system-on-chips (SoCs) and analog products. The company's focus domains include: the automotive segment, which is expected to see tremendous growth with autonomous driving and EV/HEV; industrial and infrastructure segments, which are expected to advance with Industry 4.0 and 5G wireless communications, as well as the fast-growing IoT segment.

"This acquisition will bring us complementary, market-leading analog mixed-signal assets and an incredibly talented group of professionals to help us boost our embedded solution capabilities," said Bunsei Kure, Representative Director, President and CEO of Renesas. “IDT’s products combined with our MCUs, SoCs and power management ICs will enable Renesas to widen its product offerings as well as to expand its reach into areas such as the growing data economy-related space.”

“The combination of Integrated Device Technology’s analog mixed-signal leadership with Renesas’ world-leading microcontroller and automotive/industrial franchise creates a new global powerhouse,” said Gregory L. Waters, President and CEO of IDT. “The Combined company will possess the key capabilities that customers in the modern data economy demand.”

Renesas to Acquire Intersil for $3.2 Billion

Renesas Electronics Corporation agreed to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar).

Renesas supplies microcontroller (MCU) and system-on-chip (SoC) products and technologies.  Intersil specializes in power management and precision analog capabilities.

The acquisition is also expected to expand Renesas’ product portfolio, particularly for analog devices, where the market is expected to increase by approximately US$3.9 billion by 2020.

IDT launches High Baud Rate Linear Driver for 400G/600G


Integrated Device Technology (IDT) introduced its new GX76470 64G linear driver, in die form, for optical integrated modules, for 400G/600G coherent applications. The driver is designed for OIF defined, highly integrated optical sub-assembly modules such as the HB-CDM (High Bandwidth Coherent Driver Modulator) and IC-TROSA (Integrated Coherent Transmitter-Receiver Optical Sub-Assembly) which enable miniaturization of optical transceiver modules...

IDT develops 64G Linear Driver for Coherent Optical


Integrated Device Technology introduced a 64 Gbaud quad-channel linear optical modulator driver in a 14mm x 9.1mm Surface Mount Technology (SMT) package for 400G/600G coherent applications. The device can be used in line cards and CFP2 pluggable modules to bring next-generation 400G/600G products to the coherent market. The IDT GX66473 supports 64Gbaud 16QAM and 64QAM to address the needs of both 400G and 600G systems, and has differential input...

IDT to acquire GigPeak for $250m for Optical Interconnects

Integrated Device Technology (IDT) of San Jose, California and GigPeak, a supplier of semiconductor ICs and software for high-speed connectivity and video compression over the network and in the cloud, announced that they have signed a definitive agreement for IDT to acquire GigPeak for $3.08 per share, or approximately $250 million, in cash, representing a premium of approximately 22% to GigPeak's closing share price on February 10th.

Under the terms of the merger agreement, IDT will launch a tender offer to acquire all of the issued and outstanding common stock of GigPeak for $3.08 per share. The boards of directors of both companies have unanimously approved the terms of the agreement and the GigPeak board has resolved to recommend that stockholders accept the offer.

The combination of IDT and GigPeak is projected to add approximately $16 million of quarterly revenue at a 70% non-GAAP gross margin and to be accretive to earnings in first full quarter following closing of the transaction.

The acquisition of GigPeak will provide IDT with an optical interconnect product line and technology business that is complementary to its established position as a supplier of real-time interconnect products. More specifically, the combination is expected to extend IDT's leading position as a supplier of communications and cloud data centre products

Monday, September 10, 2018

Intel acquires NetSpeed Systems for interconnect fabric expertise

Intel has acquired NetSpeed Systems, a start-up based in San Jose, California, for its system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). Financial terms were not disclosed.

Intel said NetSpeed’s highly configurable and synthesizable offerings will help it more quickly and cost-effectively design, develop and test new SoCs with an ever-increasing set of IP.

NetSpeed provides scalable, coherent, network-on-chip (NoC) IP to SoC designers. NetSpeed’s NoC tool automates SoC front-end design and generates programmable, synthesizable high-performance and efficient interconnect fabrics. The company was founded in 2011.

The NetSpeed team is joining Intel’s Silicon Engineering Group (SEG) led by Jim Keller. NetSpeed co-founder and CEO, Sundari Mitra, will continue to lead her team as an Intel vice president reporting to Keller.

“Intel is designing more products with more specialized features than ever before, which is incredibly exciting for Intel architects and for our customers. The challenge is synthesizing a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed’s proven network-on-chip technology addresses this challenge, and we’re excited to now have their IP and expertise in-house,” stated Jim Keller, senior vice president and general manager of the Silicon Engineering Group at Intel.

Thursday, September 6, 2018

Vantage Data Centers completes Santa Clara data center -- 75MW

Vantage Data Centers completed construction of its final data center at its Santa Clara, California campus, known as V5. The new four-story addition adds 15MW of critical IT load, bringing the campus total to 75MW. This campus is the largest in Silicon Valley. The addition also features a new cooling system that uses a combination of outside air and a chilled water loop, which uses recycled water and modular chiller and dry-cooler technology designed to minimize water usage while maintaining ultra-low PUEs. The water loop also utilizes non-potable grey water, further reducing impact on local water resources. The facility also supports both traditional and high-density data center designs.

“Silicon Valley continues to be a vital and strategic market for our customers,” said Vantage President and Chief Executive Officer Sureel Choksi. “With the final facility on our first Santa Clara campus complete, and construction of our 69MW Matthew Street campus also in Santa Clara well underway, Vantage can support the growth of enterprises, cloud and hyperscale customers well into the future.”

Vantage is also building a new 42-acre, 108MW campus in Ashburn, Virginia. The first 24MW building, which will provide 6MW of initial capacity on this completely new campus, is scheduled to be completed in early 2019.

The new expansion contains several features designed to enhance sustainability while maintaining a low total cost of ownership.

Wednesday, September 5, 2018

Calix relocates HQ from Petaluma to San Jose

Calix has moved its global headquarters to San Jose, California. The previous location was Petaluma, California.

The new 65,000 square foot facility, located at 2777 Orchard Parkway, will include a state-of-the-art briefing center for customers and partners. It will also include technology demonstration space and a video production studio that will enable the Calix team to showcase the latest platform solutions. In addition, Calix employees will benefit from an open and collaborative workspace, allowing teams to easily engage and drive innovation at a DevOps pace.

“Calix was founded in 1999 as a telecom systems company and our roots are in Petaluma, California, historically known as Telecom Valley. Our Headquarters location in Petaluma helped Calix establish a leading position in the broadband access market,” said Carl Russo, Calix President and CEO. “Now as a communications platform provider our mission is to connect everyone and everything. The entire Calix team is relentlessly focused on innovating to help our customers succeed by building the cloud and software platforms, systems, and services required to deliver the next generation network and the smart premises of tomorrow. Relocating to the heart of Silicon Valley is an important next step in our efforts to expand our team to deliver on this mission.”

Thursday, June 28, 2018

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

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

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

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

Silver Peak is based in Santa Clara, California.


Monday, June 25, 2018

Orange Fab launches Fab Connect(ai)

Orange Fab, which is an Orange Silicon Valley initiative for connecting startups to corporations for proof-of-concept projects, distribution, or investment opportunities, is kicking off an accelerator program called Fab Connect(ai) focused on artificial intelligence.

Fab Connect(ai) will run in partnership with a group of top-tier investors led by Cathay Innovation, Iris Capital, Michelin Ventures, Total Energy Ventures and Homebrew. It is being launched in collaboration with prominent partners, including Google Cloud’s Startup Program, NVIDIA’s Inception Program, Microsoft IoT & AI Insider Labs, LAB IX Flex Ventures, Publicis Groupe, Groupe Seb, Michelin, Valeo, Ping An Technology and Lumi.

Startups that participate in Fab Connect(ai) will have access to a network of seed-stage investors and corporations providing technical resources and real-world business challenges.

“Fab Connect(ai) is one of the first accelerator programs to align capital with global growth opportunities sustained by such a network of partners,” noted Georges Nahon, CEO of Orange Silicon Valley, the home of Orange Fab. “Our goal with Fab Connect(ai) is to identify the most promising startups in AI & IoT, a domain of growing importance for Orange and our Fab Force members.”

“Fab Connect(ai) is the only global initiative designed to empower AI with the benefits of smart connectivity, from a collaborative and global perspective, and with an extensive network of influential partners,” said Denis Barrier, co-founder and CEO of Cathay Innovation. “As a global venture capital fund deeply committed in the fourth industrial revolution, Cathay Innovation believes that this approach can be helpful for the rise of a Super AI able to foster the next wave of digital transformation.”

http://www.orangefab.com/connect

Sunday, June 17, 2018

Tintri teeters at edge on insolvency, less than 1 year after IPO

Less than one year after completing its IPO, Tintri (NASDAQ: TNTR), which specializes in enterprise cloud platforms, reported that it is currently in breach of certain covenants under its credit facilities and likely does not have sufficient liquidity to continue its operations beyond June 30, 2018.

The company said it continues to evaluate its strategic options, including a sale of the company.

Q1 revenue is expected to be approximately $22 million and GAAP net loss per share is expected to be approximately ($1.14) for its fiscal quarter ended on April 30, 2018.

The closing bid price of the company’s common stock on the Nasdaq Stock Market has been less than $1.00 per share since May 22, 2018.

Tintri warned that even if it able to secure a strategic transaction before the end of the month, there is a significant possibility that the company may file for bankruptcy protection, which could result in a complete loss of shareholders’ investment.

Tintri offers Lego-like Enterprise Cloud Amidst Fierce Competition


Tintri, a networking start-up from Silicon Valley, made its initial public offering (IPO) on June 30,2017 and its shares are now trading on NASDAQ under the symbol 'TNTR'. The IPO raised approximately $60 million for the Mountain View, California-based company – a lukewarm Wall Street response considering earlier speculation that the shares might debut in the range of $10.50 to $12.50. Many expected the IPO to occur at the start of last week and at the higher price range. It was not clear why the IPO was delayed by a few days, but the lower price must have caused consternation for early investors and employees. Post IPO, Tintri, which means 'lightning' in the Irish language, currently has a market capitalisation value of about $225 million.

Tintri was founded in 2008 by Kieran Hearty, who had previously led engineering at VMware, and Mark Grittier, who had previously worked on software engineering at Sun Microsystems. The first products were introduced nearly 3 years later in March 2011. In August 2015, Tintri raised a $125 million Series F funding round led by Silver Lake Craftwork and included existing investors Insight Venture Partners, Light speed Ventures, Menlo Ventures and NEA. In December 2016, Charles Giancarlo, the former CTO of Cisco Systems, joined the Tintri board.
Tintri prides itself of having developed an enterprise cloud platform with a 'Lego-like' design that allows for every storage action at the individual virtual machine level. The value proposition is simple: scale the enterprise cloud from terabytes of storage to multiple petabytes as efficiently as possible. The Tintri CONNECT web services architecture use the 'Lego' building-block approach predicated on REST APIs and VM and container level abstraction. The frameworks runs applications on resource pools that span VMware, Citrix,Microsoft and OpenStack. This supports a DevOps model, where resource can be spun up or torn down on-demand, including via automated bots or modern interfaces such as Slack or Amazon's Alexa. To deliver this, Tintri's platform integrates cloud management software, web services and a range of all-flash storage systems.

A key ingredient is a virtualisation-aware file system that allows an organisation to view, manage and analyse application performance and quality of service. In a sense, it enables a private version of a public cloud. Use cases include server virtualisation, virtual desktop infrastructure, or VDI, disaster recovery and data protection, and development operations, or DevOps. Tintri says it has an advantage because innovation in storage has lagged and lacked granular level operation at the VM and container level.

Wave Computing acquires MIPS Technologies

Wave Computing, a start-up based in Campbell, California that is focused on artificial intelligence (AI) and deep learning, has acquired MIPS Tech, Inc. (formerly MIPS Technologies). Financial terms were not disclosed.

MIPS, which was founded in 1984 by a group of researchers from Stanford University that included John L. Hennessy, in known as a pioneer RISC processor Intellectual Property (IP) and licensable CPU cores. MIPS holds over 350 worldwide patents and currently has over 200 licensees.

MIPS will operate as an IP business unit within Wave and will continue to license MIPS IP solutions that can now integrate Wave’s dataflow technology.

Wave said the acquisition expands its strategy of offering AI acceleration from the Datacenter to the Edge of Cloud by extending the company’s products beyond AI systems to now also include AI-enabled embedded solutions.

Dado Banatao, Chairman of Wave Computing and MIPS Technologies, said, “Now is the right time for Wave Computing to expand, and I am pleased to see the company further evolve and grow into an AI powerhouse. Wave’s integration of two industry-leading compute architectures in a single data plane/control plane solution – Dataflow and Von Neumann – will be truly unique and an industry-first. It will fuel new, ground-breaking innovations in AI and other fields.”

“This is a major milestone not only in the history of our two companies, but also for the AI compute industry,” said Derek Meyer, CEO of Wave Computing. “With working DPU commercial silicon and being in the final stages of bringing our first AI systems to market, now is the time for us to expand to the Edge of Cloud. The acquisition of MIPS allows us to combine technologies to create products that will deliver a single ‘Datacenter-to-Edge’ platform ideal for AI and deep learning. We’ve already received very strong and enthusiastic support from leading suppliers and strategic partners, as they affirm the value of data scientists being able to experiment, develop, test and deploy their neural networks on a common platform spanning to the Edge of Cloud.”

Alexander Stojanovic, Vice President of Machine Learning and Applied Research at eBay, said, “For AI-driven Datacenters, leveraging purpose-built platforms for high throughput and low latency workloads is a game changer. They offer the promise of faster time-to-revenue and greater competitive differentiation using some of the latest AI trends such as GAN and attention-based models for time series and natural language data. Combined with the ability to more quickly create deeper and more complex machine learning models, hyperscale- and enterprise-class companies will be able to better leverage AI as a fundamental part of their digital strategies.”





Wednesday, June 6, 2018

Avi pulls in $60 million including an investment from Cisco

Avi Networks, a start-up based in Santa Clara, California, announced $60 million in new funding including investments from Cisco Investments along with DAG Ventures, Greylock Partners, Lightspeed Venture Partners, and Menlo Ventures.

Cisco resells the Avi Vantage Platform in markets around the world, and Avi closely integrates with Cisco ACI, Cisco’s intent-based networking and automation solution for the data center.

Avi Networks offers an application delivery controller (ADC) with a Software Load Balancer, an Intelligent Web Application Firewall, and an Elastic Service Mesh for container-based applications. The company says that as businesses shift their operations to clouds such as Azure and AWS, its intent-based software offers easier management, faster performance, greater elasticity, deeper analytics, and more powerful automation than legacy ADC vendors.

Avi also reports that it has tripled its bookings over the past year, with significant adoption by the Global 2000 and 20% of the Fortune 50.

This latest round brings Avi’s total funding to $115 million.

“Modern applications are driving a new urgency with which enterprises are automating their networks and application delivery systems,” said Amit Pandey, CEO of Avi Networks. “Cisco software and infrastructure are a cornerstone in this transformation. I am thrilled about this strategic investment from Cisco and our continued joint efforts to deliver the elasticity, intelligence, and multi-cloud capabilities that enterprises need.”


  • Avi Networks is headed by Amit Pandey, who joined the company as CEO in 2015. Previously, Pandey spent nearly a decade at NetApp in a wide range of executive positions, and followed that with two successful stints at startups - first as CEO of TerraCotta that was acquired by the European software giant, Software AG and next as CEO of Zenprise that was acquired by Citrix.
  • Avi Networks was co-founded in November 2012 by Umesh Mahajan, who previously was VP/GM of Data Center Switching at Cisco; Murali Basavaiah, who previously was VP Engineering at Cisco for NX-OS Software and Nexus 7000/MDS product; and Ranga Rajagopalan, who previously was Sr. Director of Engineering at Cisco and responsible for NX-OS systems/platform software for the Cisco Nexus 7000.

Thursday, May 17, 2018

Google Cloud acquires Cask for big data ingestion on-ramp

Google Cloud will acquire Cask Data Inc., a start-up based in Palo Alto, California, that offers a big data platform for enterprises. Financial terms were not disclosed.

The open source Cask Data Application Platform (CDAP) provides a data ingestion service that simplifies and automates the task of building, running, and managing data pipelines. Cask says it cuts down the time to production for data applications and data lakes by 80%. The idea is to provide a standardization and simplification layer that allows data portability across diverse environments, usability across diverse groups of users, and the security and governance needed in the enterprise.

Google said it plans to continue to develop and release new versions of the open source Cask Data Application Platform (CDAP).
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“We’re thrilled to welcome the talented Cask team to Google Cloud, and are excited to work together to help make developers more productive with our data processing services both in the cloud and on-premise. We are committed to open source, and look forward to driving the CDAP project’s growth within the broader developer community,” stated William Vambenepe, Group Product Manager, Google Cloud

Over the past 6+ years, we have invested heavily in the open source CDAP available today and have deployed our technology with some of the largest enterprises in the world. We accomplished great things as a team, had tons of fun and learned so much over the years. We are extremely proud of what we’ve achieved with CDAP to date, and couldn’t be more excited about its future.

Cask was founded by Jonathan Gray and Nitin Motgi.


See also