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

Wednesday, September 16, 2020

Snowflake soars in IPO -- cloud data warehousing

 Snowflake, a start-up based in San Mateo, California, completed an initial public offering (IPO) of 28,000,000 shares of Class A common stock at a price to the public of $120.00 per share. Trading (Nasdaq: SNOW) closed on Wednesday at $253.93 per share.

Snowflake is known for its cloud data platform. The company says its customers currently have more than 250PB of data managed by the Snowflake cloud data platform, with more than 515 million data workloads that run each day. The company has more than 2,000 employees in 19 countries.


Wednesday, August 19, 2020

Video: Scaling-out Data Centers with the Fungible Data Processing Unit

Fungible was founded in 2015 to revolutionize the performance, economics, reliability, and security of scale-out data centers.

In this video, Pradeep Sindhu, Co-Founder and CEO of Fungible, shares observations about scale-out data centers and the key innovations of Fungible’s Data Processing Unit (Fungible DPU™) which has been positioned as the “third socket” in data centers, complementing the CPU and GPU.

https://youtu.be/spJAOn_y21A



Tuesday, August 18, 2020

Colovore adds 3.5MW high-density colocation in Silicon Valley

Colovore now has 3.5 MW of high-density data center colocation capacity currently available in supply-constrained Silicon Valley.

Colovore said Silicon Valley data center vacancy rates remain at historic lows near 5%. A lack of suitable land is constraining future development. Colovore's expansion adds much needed high-quality colocation capacity to the marketplace.

Colovore offers 50 kW cabinet capacities cooled by its traditional rear-door heat exchangers, and also supports direct liquid cooling (liquid to the platform or to the chip) for the highest-density server deployments. Its minimum customer power commitment per cabinet is only 8 kW, supporting a wide range of IT requirements.

"We are seeing a major change in colocation requirements, driven by incredible advances at the chip and component layers in modern servers," stated Sean Holzknecht, President and Co-Founder of Colovore. "GPUs, dual CPUs, and flash storage architectures supporting the explosion in A.I., Big Data, and HPC applications and services require data center environments with 10-20x the amount of power and cooling per cabinet compared to only a few years ago--1 kW of draw per modern server rack unit is now common. We are proud of our high-density, liquid-cooled colocation facility which allows our customers to fully-pack their server cabinets and optimize their IT footprints while significantly lowering TCO."


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

Friday, June 26, 2020

Amazon acquires Zoox for autonomous vehicle platform

Amazon agreed to acquire Zoox, a start-up developing purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack. Financial terms were not disclosed.

Zoox's ground-up vehicle focuses on the ride-hailing customer, with tightly integrated features designed "to provide a revolutionary passenger experience."

Zoox, which was founded in 2014, is based in Foster City, California. The company raised over $950 million in venture funding.

"Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience," said Jeff Wilke, Amazon’s CEO, Worldwide Consumer. "Like Amazon, Zoox is passionate about innovation and about its customers, and we're excited to help the talented Zoox team to bring their vision to reality in the years ahead."

"This acquisition solidifies Zoox's impact on the autonomous driving industry," said Aicha Evans, CEO of Zoox. "We have made great strides with our purpose-built approach to safe, autonomous mobility, and our exceptionally talented team working every day to realize that vision. We now have an even greater opportunity to realize a fully autonomous future."

"Since Zoox's inception six years ago, we have been singularly focused on our ground-up approach to autonomous mobility," said Jesse Levinson, Zoox co-founder and CTO. "Amazon's support will markedly accelerate our path to delivering safe, clean, and enjoyable transportation to the world."

Zoox appoints former Intel exec as CEO -- Aicha Evans

Zoox, a start-up developing autonomous vehicle systems, named Aicha Evans as its new CEO and a member of its Board of Directors.

Evans most recently served as Intel's Chief Strategy Officer, where she oversaw Intel’s transformation from a PC-centric to a data-centric company. Previously, Evans was General Manager of the Communication and Devices Group, where she led a team of over 7,000 people across multiple continents and was responsible for driving wireless engineering for multi-comm products and Intel platforms.

“Our team has made incredible progress since we started in 2014,” said Jesse Levinson, Zoox co-founder, CTO, and President. “We believe now more than ever that the full realization of autonomous mobility is a radical departure from last century’s car architecture, and that requires a completely reimagined vehicle and AI solution. I’m excited to partner with Aicha as we forge our own path and show the world what the next generation of mobility looks like.”


Thursday, May 28, 2020

Cisco to acquire ThousandEyes for real-time Internet visibility

Cisco agreed to acquire privately-held ThousandEyes, a provider of real-time visibility tools for the delivery of applications and services over the Internet. Financial terms were not disclosed.

ThousandEyes, which is headquartered in San Francisco, was founded in 2010 by Mohit Lad and Ricardo Oliveira who had worked together during grad school in the UCLA Internet Research Lab to visualize Autonomous System topologies. T

ThousandEyes vantage points around the world perform billions of measurements each day to detect when traffic flows are disrupted within ISPs, public cloud networks and other service providers. This network telemetry data is algorithmically analyzed as part of ThousandEyes’ core Digital Experience Monitoring platform and the macro outages that are detected are displayed on an interactive map as part of ThousandEyes’ Internet Insights offering.

The ThousandEyes platform is used to verify the availability and performance of network-based services (HTTP, FTP, DNS, SIP, RTP) as well as for DNS tracing and DNSSEC validation over the Internet and third-party infrastructure.

Cisco said that bringing together its own strength in network and application performance with ThousandEyes’ visibility into the Internet, customers will now have an end-to-end view into the digital delivery of applications and services over the Internet, allowing them to pinpoint deficiencies and improve network and application performance across enterprise and cloud networks. Cisco will incorporate ThousandEyes’ capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios to enhance visibility across the enterprise, internet and the cloud.

“I’m excited to welcome the ThousandEyes team to Cisco,” said Todd Nightingale, senior vice president and general manager, Cisco Enterprise Networking and Cloud. “The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pin-point deficiencies and improve the network and application performance across all networks. This will give customers end-to-end visibility when accessing cloud applications, and Internet Intelligence will improve networking reliability and the overall application experience.”

Thursday, May 21, 2020

Couchbase raises $105 million in Series G for NoSQL database

Couchbase, which offers a NoSQL database, raised $105 million in its Series G round of fundraising.

The new funding round was led by GPI Capital, also included oversubscribed participation from existing investors Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, Adams Street Partners, and Mayfield.

Couchbase said its customer base now exceeds 500 enterprises, including over 30% of the Fortune 100. In its latest fiscal year, the company reports over 70% total contract value growth, 50%+ new business growth, and 35%+ growth in average subscription deal size.  The company has nearly $100M in committed annual recurring revenue.

“To be competitive today, enterprises must transform digitally and use technology to get closer to their customers and improve the productivity of their workforces.  To do so, they require a cloud-native database built specifically to support modern web, mobile and IoT applications.  Application developers and enterprise architects rely on Couchbase to enable agile application development on a platform that performs at scale, from the public cloud to the edge, and provides operational simplicity and reliability,” said Couchbase President and CEO Matt Cain. “More and more, the largest companies in the world truly run their businesses on Couchbase, architecting their most business-critical applications on our platform.  This has become even more pronounced today as all companies are closely evaluating their digital strategies while carefully managing their capital allocation plans. Completing this funding round in the current climate is a testament to the importance of modern databases and the relevance of Couchbase as we continue our path to becoming a large, public company.”

Couchbase is headquartered in Santa Clara, California.

Thursday, April 9, 2020

Cohesity raises $250 million for its web-scale data management

Cohesity, which offers a web-scale platform for data management, announced $250 million in Series E funding. The San Jose, California-based start-up is now valued at $2.5 billion, more than double the valuation from the company’s Series D round less than two years ago. With the new funding, Cohesity’s total funding since inception exceeds $650 million.

Cohesity specializes in hyperconverged secondary storage. Its hyperconverged appliance consolidates all secondary data and associated management functions on one unified solution, including backups, files, objects, test/dev copies, and analytics.
The company cited the following recent milestones:

  • 150 percent increase in recurring revenue, emphasizing the success of the company’s subscription-based software model.
  • 100 percent increase in customers as well as data under management.
  • 135 percent increase in the number of Cohesity’s new and existing customers that have licensed the company’s cloud capabilities.

“Closing a major funding round during these times of economic uncertainty is testament to the promise that our investors see in Cohesity,” said Mohit Aron, CEO and founder, Cohesity. “More enterprises globally are abandoning legacy offerings in favor of our modern, software-defined approach to data management that is incredibly simple to use -- critical during these challenging times as customers are looking to reduce total cost of ownership while enabling remote IT teams.”

The new funding was led by DFJ Growth, Foundation Capital, Greenspring Associates, and Wing Venture Capital. DFJ Growth and Greenspring Associates are new investors as are Baillie Gifford and Sozo Ventures. The round also includes broad support from existing investors, including Sequoia Capital and SoftBank Vision Fund 1, as well as strategic investors Hewlett Packard Enterprise and Cisco Investments.

Monday, March 2, 2020

Lockheed Martin Ventures invests in Ayar Labs

Lockheed Martin Ventures has made a strategic investment in Ayar Labs, a start-up that is developing  monolithic in-package optical I/O (MIPO) solution for applications that require high bandwidth, low latency and power efficient short reach interconnects. Financial terms were not disclosed.

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 on sampling and co-design partnerships in 2020. The company is based in Santa Clara, California.

“We are excited to welcome Lockheed Martin Ventures as a strategic investor,” said Charles Wuischpard, CEO of Ayar Labs. “Working with key system integrators like Lockheed Martin, who really understand the value of our solution and how to design it into future complex systems, is incredibly important. In that sense, we view this relationship as more than funding alone, but as an important long-term working relationship as well.”

Ayar Labs selected for Intel’s DARPA PIPES Project

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. In the first phase of the project, the Ayar Labs TeraPHY chiplet will be co-packaged with an Intel FPGA using the AIB (Advanced Interconnect Bus) interface and Intel’s EMIB silicon-bridge packaging. “We’re seeing an explosion of Datacenter workloads that have an insatiable demand for bandwidth and the need to connect devices at rack-scale distances,” said Vince Hu, VP of Strategy and Innovation for Intel’s FPGA products. “The best way to do that is with optical interconnect and by using an Ayar Labs chiplet(s), we can achieve very high bandwidth at low latency and low power consumption.”

“Bringing optical connectivity all the way into the CPU/SOC package has long been one of the ‘Holy Grail’ projects in High Performance and Hyperscale Computing, as it unleashes the performance of ever more powerful computing and network processors and removes a major bottleneck and set of constraints in systems architecture and design,” said Charles Wuischpard, CEO of Ayar Labs, “Moreover, the energy consumed in moving data through a system is now very significant and growing, and the best way to manage that is to move the data optically from end to end. We are pleased to be selected by Intel as the optical solution for their DARPA PIPES project and look forward to a multi-year collaboration.”

The TeraPHY chiplet is manufactured on GLOBALFOUNDRIES' 45nm platform, which enabled Ayar Labs to build a monolithic, single-die solution that integrates both electrical and optical photonic circuits and devices on a single chip.

“We have worked in close collaboration with Ayar Labs to deliver a new class of integrated electronic, photonics solutions,” said Anthony Yu, vice president of Computing and Wired Infrastructure at GF. “Going forward, we’re excited to work with the pioneers at Ayar Labs to continue disrupting the market by combining our next generation 45nm platform, targeted to future CMOS-based photonics solutions, with their differentiated technology that will push the limits of chip communication bandwidth for high-performance computing, cloud and AI applications.”

Ayar Labs also announced customer sampling of its fully integrated TeraPHY chiplet starting in early Q1 2020.

http://www.ayarlabs.com

Tuesday, February 11, 2020

Celona tests performance edge with CBRS enterprise cellular

Celona, a start-up based in Cupertino, California, is reporting impressive performance results in beta testing of its cellular wireless network solution for enterprises which uses interference-free and clean spectrum offered by CBRS.

Celona's platform creates a dedicated, wireless “express lane” for mission-critical business applications over a private cellular network. The company says its solution is undergoing beta testing at eight new sites including logistics environments, industrial shipping yards, global retail locations and other challenging wireless environments.

Each of the beta sites is deploying Celona’s end-to-end solution. The company has not yet formally announced its products.

Celona said its solution was recently deployed at a music festival held in Las Vegas on December 5, 2019. Applications requiring uninterrupted connectivity at such an event could include Point of Sale (PoS) systems for food, drink and merchandise, RFID scanning, video security and more. Leveraging staff-operated iPhones for performance testing, there were several locations where data rates under 1Mbps were recorded for the public LTE network performance due to an increasing number of music fans in attendance at the event. Celona’s enterprise cellular network in the CBRS spectrum was able to deliver download speeds greater than 25Mbps for the same set of devices, with latency metrics also improving 200x.

“The FCC’s recent decision to allow full-scale commercial deployments in the CBRS band is very timely given the outstanding response Celona has seen to its own end-to-end offering,” said Dr. Mehmet Yavuz, CTO and co-founder at Celona. “Enterprise IT teams across industries want CBRS spectrum to enable a new express lane of communication for business-owned and staff-operated mobile and IoT infrastructure. Low latency and high-reliability operation for relevant applications with the use of private LTE is a key requirement, in addition to simplified deployment and operations.”

In addition to its beta program, Celona cites momentum in the burgeoning Citizen Broadband Radio Service (CBRS)  market by building new partnerships with Cradlepoint and working with global channel partners including World Wide Technology.

http://www.celona.io

Monday, February 3, 2020

USVP closes $340M Eearly-stage venture capital fund

U.S. Venture Partners (USVP), a leading Silicon Valley venture capital firm, announced the closing of USVP XII, a $340M fund.

USVP said its strategy is to be the lead Series A investor in companies based in the U.S. or Israel in four core sectors: cybersecurity, enterprise software, consumer and healthcare—including the emerging digital health sector.

USVP XII follows USVP XI, a successful $300M fund that is now fully invested.

“With USVP XII, we are pleased to continue building on our extensive track record of successful early-stage VC investing,” said Rick Lewis, General Partner. “In addition to a multi-decade track record of success, USVP has demonstrated exceptionally strong performance in recent years. In the last three years, USVP portfolio company exits have generated $933M in proceeds to USVP funds. Over the past decade, USVP has distributed over $2B to our investors. And 2019 was the eighth consecutive year that USVP distributions to limited partners exceeded called capital.”

Tuesday, January 28, 2020

ServiceNow to acquire Passage AI

ServiceNow agreed to acquire Passage AI, a start-up based in Mountain View, California, for its conversational AI platform. Financial terms were not disclosed.

ServiceNow said the acquisition will enhance its deep learning AI capabilities and accelerate its vision of supporting all major languages across the company’s Now Platform and products, including ServiceNow Virtual Agent, Service Portal, Workspaces and emerging interfaces.

“Work flows more smoothly when people can get things done in their native language,” said Debu Chatterjee, senior director of AI Engineering at ServiceNow. “Building deep learning, conversational AI capabilities into the Now Platform will enable a work request initiated in German or a customer inquiry initiated in Japanese to be solved by Virtual Agent. Passage AI’s technology will enable us to accelerate our vision of empowering great employee and customer experiences by delivering great workflow experiences. ServiceNow believes in making work flow more smoothly across the enterprise, in all major languages.”

Passage AI was founded in 2016 by CEO Ravi N. Raj, CTO Madhu Mathihalli and CTO Mitul Tiwari.

Wednesday, January 22, 2020

VMware to acquire Nyansa for AIOps

VMware agreed to acquire Nyansa (“knee-ans-sah”), a start-up based in Palo Alto, California, that specializes in AI-based network analytics. Financial terms were not disclosed.

Nyansa Voyance is a vendor-agnostic, cloud-based AIOps platform. The solution consolidates key functionality within conventional network monitoring tools into a single, multifunction analytics platform to deliver visibility into and behavioral analysis of critical device performance across the entire infrastructure. The company's founders include Abe Ankumah (Chief Executive Officer),
Anand Srinivas (Chief Technology Officer), Daniel Kan (VP of Engineering). Investors include Formation | 8, Shirish Sathaye, and Intel Capital.

VMware said Nyansa will help customers better operate and troubleshoot the virtual cloud network and enable self-healing networks.

“The acquisition of Nyansa will accelerate VMware’s delivery of end-to-end monitoring and troubleshooting capabilities for LAN/WAN deployments within our industry-leading SD-WAN solution,” said Sanjay Uppal, vice president and general manager, VeloCloud Business Unit, VMware. “Nyansa is a proven solution that solves many of the shortcomings of today’s vendor-specific solutions. Nyansa currently analyzes user network traffic from more than 20 million client devices across thousands of customer sites at companies including Tesla, Uber, Lululemon, Rooms To Go, GE Healthcare, SF International Airport, Stanford, Northeast Georgia Healthcare System and many others.”

“Joining forces with VMware provides an amazing platform for Nyansa to continue executing on the vision of a new networking paradigm: an analytic-powered and software-defined virtual cloud network that connects clients to containers in dynamic and distributed enterprises,” said Abe Ankumah, chief executive officer, Nyansa. “Nyansa and VMware are perfectly aligned in technology, products and culture. Following the close of the acquisition, we will continue to advance our AI-driven multi-vendor network analytics platform and double-down on end-to-end user experience and IoT operational assurance.”

Tuesday, January 21, 2020

Skylo raises $103M for IoT over existing geostationary satellites

Skylo, a start-up based in San Mateo, California, emerged from stealth to unveil its plans to create "the world’s most affordable and ubiquitous network that connects any machine or sensor.

Skylo will leverage the cellular Narrowband Internet of Things (NB-IoT) protocol via satellite, making it possible to instantly connect billions of sensors on objects and machines in remote areas. Skylo’s new satellite connectivity will use existing geostationary satellites without the need to add new infrastructure in space. The company says it has proven its end-to-end technology and completed successful commercial field trials with major enterprise and government customers. The company’s customers already include enterprise and government entities in a range of industries including automotive, railways, agriculture and maritime.

Skylo recently completed a Series B round of funding which raised $103 million, led by SoftBank Group and joined by all existing investors. The company previously raised $13 million in a Series A round that was co-led by DCM and Innovation Endeavors, and joined by Moore Strategic Ventures. The new

“Skylo envisions a world where connectivity for machines, sensors and devices is as ubiquitous as the sky,” said Skylo co-founder and CEO Parthsarathi “Parth” Trivedi. “This low-cost, global fabric of connectivity for machine data will be transformative for entire industries.”

Skylo’s end-to-end solution encompasses the Skylo Hub, the Skylo Network, the Skylo Data Platform and Skylo API. Mass manufacturing of the Skylo Hub is underway and the Skylo Network is already live with early customers.

  • Skylo Hub — The Skylo Hub is a self-installed, easy-to-use satellite terminal that connects to the Skylo Network. It has a suite of onboard sensors to sense geolocation and acceleration, and operates like a wireless “hot spot” for a variety of external sensors such as vehicle on-board diagnostics (OBD2), temperature sensors, and standard mobile or tablet devices. The Hub uses off-the-shelf components from the cellular world, which drastically reduces the cost of the Hub and increases sensor and device compatibility. Skylo’s digitally-steered antenna technology makes the device so compact that the Hub itself is 8” x 8”, and the antenna can even be OEM-installed onto most vehicles, utilities infrastructure, and other industrial equipment. The Skylo Hub has a built-in battery, or can connect directly to external power sources, including solar.
  • Skylo Network — Skylo has also developed a proprietary method of efficiently transmitting data; this technology minimizes satellite usage costs, a cost savings that is passed onto Skylo customers.
  • Skylo Data Platform and Skylo API — The Skylo Data Platform and API helps customers to manage their Skylo Hubs remotely and visualize, analyze and act on the data that is generated, sent, and received via connected devices.

Skylo was founded in 2017 by CEO Parth Trivedi, Chief Technology Officer Dr. Andrew Nuttall and Chief Hub Architect Dr. Andrew Kalman. The company’s current Board of Directors includes Board Chairman former U.S. Ambassador Terry Kramer, David Chao of DCM, Scott Brady of Innovation Endeavors, Harpinder “Harpi” Singh of Innovation Endeavors, and Skylo CEO Trivedi. Following the receipt of required regulatory approvals, SoftBank Group will also have a representative on the Board of Directors, who will be Yoshi Segawa. Skylo has offices in San Mateo, Calif., Bangalore, India, and Tel Aviv, Israel, and is growing the team globally to support its fast-growing customer base.

Wednesday, January 15, 2020

Zinier raises $90M for AI-driven automation

Zinier, a start-up based in San Mateo, California, raised $90 million in Series C funding for its efforts to transform field service workforces with AI-driven automation.

Zinier said its intelligent field service automation platform, called ISAC, helps organizations work smarter—from the back office to the field—to solve problems more quickly, fix things before they break, and maintain the services that we rely on every day.

“Services that we rely on every day - electricity, transportation, communication - are getting by on centuries-old infrastructure that requires a major upgrade for the next generation of users,” said Arka Dhar, co-founder and CEO of Zinier. “A field service workforce powered by both people and automation is necessary to execute the massive amount of work required to not only maintain these critical human infrastructures, but to also prepare for growth. Our team is focused on enabling this transformation across industries through intelligent field service automation.”

New investor ICONIQ Capital led the round with new participation from Tiger Global Management, and return investors Accel, Founders Fund, Nokia-backed NGP Capital, France-based Newfund Capital and Qualcomm Ventures LLC. The funding will support global customer adoption and expansion of Zinier’s AI-driven field service automation platform, ISAC.

http://www.zinier.com

Tuesday, January 7, 2020

John Chambers recruits Pankaj Patel to venture firm

JC2 Ventures, a venture capital established by former Cisco CEO John Chambers, appointed Pankaj Patel as Partner and Chief Strategy Officer.

Patel previously served as the Executive Vice President and Chief Development Officer for Cisco Systems, where he was responsible for running and growing multi-billion-dollar products and businesses across service provider and enterprise market segments. He reported to the CEO as the engineering head of the company’s $36.8 billion product and solution portfolio and drove the business and technology strategy across Cisco’s Routing, Switching, Wireless, Security, Mobility, Video, Collaboration, Data Center and Cloud offerings, delivered by a global team of more than 28,000 engineers. Pankaj was also responsible for defining the priorities and investment allocation of $6 billion in R&D spend annually.

“After working with Pankaj for more than 20 years, I am thrilled to have him join the JC2 Ventures team as Partner and Chief Strategy Officer,” said John Chambers, Founder and CEO of JC2 Ventures and former Executive Chairman and CEO of Cisco.

https://www.jc2ventures.com/news/2020/1/6/pankaj-patel-joins-jc2-ventures-as-partner-and-chief-strategy-officer

Monday, January 6, 2020

Investment firm acquires Armis for $1.1 billion -- enterprise IoT security

Insight Partners will acquire Armis, a start-up specializing in enterprise IoT security, for $1.1 billion in cash.

Armis, which is based in Palo Alto, California, with an office in Tel Aviv, helps organizations safely embrace unmanaged and IoT devices throughout their business. Armis offers an agentless security solution that provides visibility of every device in the enterprise environment. It analyzes and classifies devices and their behavior in order to identify risks or attacks, and protects critical information and systems. Armis does not require any hardware and integrates seamlessly into any environment or existing infrastructure.

Insight is a global software investment firm.

Following the acquisition, Armis will continue to operate independently and will be fully managed by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and executive team, while leveraging the support of Insight's business strategy and ScaleUp division, Onsite.

"Insight is one of the most sophisticated software investors in the sector, and it is due to the depth of their domain expertise that they really understand the enterprise IoT device challenge we are looking to solve, and the size of the market opportunity. We considered growth rounds and strategic offers, but by partnering with Insight we have the best of both worlds - operational support and independence, both of which were important in our decision to take on a scaleup partner this early in our company journey," said Yevgeny Dibrov, co-founder and CEO at Armis.

"One of the biggest challenges keeping CIOs and CISOs up at night is how to secure the unmanaged devices proliferating through their businesses, from manufacturing floors to hospital rooms, from airports to boardrooms. These devices - capturing and creating business critical information, working on production lines, or administering patient care - have no protection and they need a security solution," said Nadir Izrael, CTO and co-founder at Armis. "The exponential growth of Armis to date illustrates just how critical securing unmanaged devices is for businesses. With the backing of Insight, we will continue to expand our world class technology to help identify devices, track their behavior and respond to the threats that target them."

Monday, December 9, 2019

AI and the Customer Experience



How can AI and automation help to redefine the customer support experience?

Umesh Sachdev, co-founder and CEO of Uniphore, briefly shares his 2020 vision for AI and customer service.

Uniphore, a start-up based in Palo Alto, California, targets Conversational Service Automation. The company was incubated in 2008 in IIT Madras, the premier research institute in India, and has grown to over 150 employees located in the U.S., India, and Singapore. Earlier this year, Uniphore raised $51 million in Series C funding led by March Capital Partners, with participation from Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family, plus other investors. John Chambers, CEO and founder of JC2 Ventures and former CEO of Cisco, is an active advisor to Uniphore and holds a 10% stake in Uniphore.

https://youtu.be/5GkxfqTyt04

See our full series of Thought Leadership videos at https://nginfrastructure.com/network-...


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.”