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

Tuesday, April 13, 2021

SambaNova raises $676 million for its AI platform

SambaNova Systems, a start-up based in Palo Alto, California, announced $676 million in Series D funding for its software, hardware and services to run AI applications.

SambaNova’s flagship offering is Dataflow-as-a-Service (DaaS), a subscription-based, extensible AI services platform designed to jump-start enterprise-level AI initiatives, augmenting organizations’ AI capabilities and accelerating the work of existing data centers, allowing the organization to focus on its business objectives instead of infrastructure.

At the core of DaaS is SambaNova’s DataScale, an integrated software and hardware systems platform with optimized algorithms and next-generation processors delivering unmatched capabilities and efficiency across applications for training, inference, data analytics, and high-performance computing. SambaNova’s software-defined-hardware approach has set world records in AI performance, accuracy, scale, and ease of use.

The funding round was led by SoftBank Vision Fund 2, and included additional new investors Temasek and GIC, plus existing backers including funds and accounts managed by BlackRock, Intel Capital, GV (formerly Google Ventures), Walden International and WRVI. This Series D brings SambaNova’s total funding to more than $1 billion and rockets its valuation to more than $5 billion.

SambaNova says it is working "to shatter the computational limits of AI hardware and software currently on the market — all while making AI solutions for private and public sectors more accessible."

“We’re here to revolutionize the AI market, and this round greatly accelerates that mission,” said Rodrigo Liang, SambaNova co-founder and CEO. “Traditional CPU and GPU architectures have reached their computational limits. To truly unleash AI’s potential to solve humanity’s greatest technology challenges, a new approach is needed. We’ve figured out that approach, and it’s exciting to see a wealth of prudent investors validate that.”

Stanford Professors Kunle Olukotun and Chris Ré, along with Liang, founded SambaNova in 2017 and came out of stealth in December 2020. Olukotun is known as the “father of the multi-core processor” and the leader of the Stanford Hydra Chip Multiprocessor (CMP) research project. Ré is an associate professor in the Department of Computer Science at Stanford University. He is a MacArthur Genius Award recipient, and is affiliated with the Statistical Machine Learning Group, Pervasive Parallelism Lab, and Stanford AI Lab.

http://www.sambanova.ai


NTT opens 16-megawatt Silicon Valley SV1 Data Center

NTT Ltd. inaugurated its new 16MW Silicon Valley Data Center (SV1) – marking the company's sixth U.S. data center campus and third data center opening this year, following February’s grand opening of new campuses in Chicago, Illinois, and Hillsboro, Oregon. 

The four-story data center features 64,000 sq. ft. of data floor space with customizable high-density vaults to support the demands of organizations of all sizes. Multiple Meet-Me-Rooms allow for network diversity and resiliency, and NTT’s dedicated on-site substation will help reduce potential downtime.

SV1 is designed with earthquake protection in mind. The data center construction utilizes NTT’s state-of-the-art base isolation system, which has been proven to reduce shocks from major earthquakes. The building incorporates a combination of triple-friction pendulum pedestals and viscous dampers that dissipate energy and reduce building displacement by allowing the structure and all connections to move up to 32 inches in any horizontal direction during an earthquake. With this system, the structure undergoes 60% less motion than a non-isolated, fixed building. SV1 is the first data center in the market to feature this earthquake-resistant design.

VP of Construction and Design for the Global Data Centers Americas division of NTT Ltd., Brittany Miller said, “All providers in the Santa Clara region build data centers to withstand earthquakes, but our base isolation design goes a step further. Not only does it protect the physical four-story building, but it also protects the mission-critical IT equipment and infrastructure inside the building from strong earthquakes. This system has been proven to work in several buildings in Japan, which is known for having severe earthquakes, and we wanted to add that extra peace of mind for our clients in Silicon Valley.”

NTT noted that its Ashburn, Virginia campus continues to expand as well with VA5 opening this year.

Executive Vice President for NTT Ltd.’s Global Data Centers division, Ryuichi Matsuo said, “The Silicon Valley Data Center reinforces our investment in the U.S. data center market and commitment to growth for our clients. With NTT’s flexible, scalable, secure infrastructure and full-stack services, SV1 will accommodate the needs of a variety of clients, helping them achieve their business objectives. Clients today are looking for a data center provider with a growing global portfolio, and this adds one more to NTT’s five other U.S campuses and the more than 160 data centers that we operate globally.”


Tuesday, April 6, 2021

Prosimo targets secure app delivery with multi-cloud networking

Prosimo, a start-up based in Santa Clara, California, emerged from stealth to unveil its Application eXperience Infrastructure (AXI) platform for secure application delivery in multi-cloud environments. The platform is positioned for multi-cloud networking, Zero Trust with Identity Aware Proxy, app micro-segmentation, access to lift-and-shift VMware on AWS, Azure or GCP, app-infrastructure modernization for Kubernetes and service mesh apps, and etc.  

Promiso, whose co-founders Ramesh Prabagaran (CEO) and Nehal Bhau (CTO) were part of the founding team at Viptela that was acquired by Cisco for its SD-WAN solutions, will offer an integrated "infrastructure stack" that provides secure access, app experience, real-time insights and quantified recommendations for multi-cloud. Prosimo  AXI platform is powered by machine learning and works with the platform’s Application-driven Intelligent Results engine (AIR) and AXI Edge.  The platform handles both user-to-app and app-to-app requirements, preventing multiple fragmented initiatives in the cloud. 

The company says this level of integration enables it to offer a per application SLA that includes secure access and optimized connectivity while managing cost. Prosimo says its early customers have experienced:   

  • Up to 90% improvement in page load with improved app performance 
  • 99% reduction in attack surface with increased security 
  • Up to 60% savings in cloud spend 
  • Up to 90% reduction in deployment time 

“Our mission is to make infrastructure transparent and secure and to deliver multi-cloud apps with the experience required at scale and controlled by the customer,” said Ramesh Prabagaran, co-founder and CEO of Prosimo. “A new architecture will define how applications should be delivered especially from the cloud -- we are set to lead this trend to help enterprises meet the ever changing needs of cloud applications. We are humbled to see large enterprises validate our vision by taking steps to modernize their stack.”  

The company also announced $25 million in seed and Series A funding co-led by General Catalyst and WRVI Capital with participation from Nepenthe Capital. Dr. Steve Herrod, managing director at General Catalyst, and Lip-Bu Tan, managing partner at WRVI Capital, have joined the board.  

https://www.prosimo.io/

Sunday, April 4, 2021

Yugabyte raises $48 million for database-as-a-service

 Yugabyte, a start-up based in Sunnyvale, California, secured $48 million in venture funding for its open source distributed SQL databases for Internet-scale operations.

The funding will also be used to further accelerate enterprise adoption of Yugabyte’s commercial products. Yugabyte Platform, a self-managed private database-as-a-service offering available on any public, private, or hybrid cloud or Kubernetes infrastructure and Yugabyte Cloud, a fully-managed database service currently available on AWS and Google Cloud, have seen broad adoption in the past 12 months. Yugabyte also recently announced YugabyteDB 2.4, a major update including hardened enterprise-grade security features, enhanced multi-region deployment capabilities and significant performance improvements.

The funding round was led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC. 

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

http://www.yugabyte.com

Wednesday, March 3, 2021

Yugabyte raises $48 million for distributed SQL databases

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

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

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

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

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

https://www.yugabyte.com/

Tuesday, February 23, 2021

Lacework names David Hatfield as CEO, Ulfar Erlingsson as Chief Architect

Lacework, a Silicon Valley start-up offering cloud security solutions, named David “Hat” Hatfield as its new Chairman and Chief Executive Officer, replacing former CEO Dan Hubbard who now takes the helm as Lacework’s Chief Product Officer. Lacework founder and CTO, Vikram Kapoor is taking on an additional role as the founder of a wholly owned Lacework entity, to be revealed at a later date. 

Hatfield most recently has served as president and vice-chairman of Pure Storage. Prior to that he played key leadership roles at Akamai Technologies and Limelight Networks, from the early stages through IPOs, and participated in one of the largest software mergers in history at the time, of Veritas Software and Symantec Corporation.

“Lacework is building the security company for the public cloud and we believe Hat is the right leader to fully realize its potential,” said Mike Speiser, Managing Director at Sutter Hill Ventures and Lacework board member. “We believe Lacework is on a trajectory to do for cloud security what Snowflake is doing for cloud data warehousing. We are thrilled to have Hat take the helm as we aggressively expand product development and scale globally. We also wish to recognize the important contributions Dan Hubbard has made over the past four years and we’re excited he will be leading the innovation strategy to deliver the most comprehensive and loved cloud security platform in the market.”

“Lacework is a special company with a fantastic team and an enormous opportunity,” said David Hatfield, newly appointed Lacework CEO. “With tens of thousands of companies and hundreds of billions of dollars shifting away from data centers to the cloud, the attack surface area and software development processes have fundamentally changed, and the legacy approaches for security simply don’t work. Lacework was purpose built to secure digital businesses built on dynamic cloud infrastructure. Digital businesses should not have to choose between innovation speed and security. With our leading innovation and customer obsession, Lacework is poised to become the leading security platform of the cloud era.”

Lacework also announced that renowned security and machine learning researcher Ulfar Erlingsson, PhD. has joined the company as Chief Architect. Erlingsson holds over 30 issued U.S. patents and has authored dozens of influential scientific publications with wide-ranging impact on computer architecture, operating systems, data-parallel processing, as well as computer security and privacy mechanisms.  He is currently chair of the IEEE Technical Committee on Security and Privacy, and joins Lacework from Apple, where he led the development of privacy-preserving technologies for machine learning. Prior to that he held similar positions at Google Brain, led research in cloud security in Google’s infrastructure security team, as well as at Microsoft Research, Silicon Valley. Early on, his startup GreenBorder Technologies provided the security foundations of the Chrome web browser.  

https://www.lacework.com/

  • In January 2021, Lacework, the security platform for the cloud generation, today announced a $525 million growth round with a valuation of $1 billion. Led by Sutter Hill and Altimeter Capital, and joined by D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and Tiger Global Management, the round reflects Lacework’s accelerated adoption among digital businesses building on Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP) and Kubernetes. 

Monday, December 7, 2020

Apstra's Mansour Karam on What is Intent-based Networking?




Why would Juniper acquire Apstra? In this video from late 2019, Mansour Karam, Co-Founder and President of Apstra, provides a 3-minute overview of Intent-based Networking.

Check out more Network Automation resources: https://nextgeninfra.io/network-automation/


Tuesday, November 3, 2020

Celona raises $30 million for private LTE/5G

Celona recently closed a $30 million Series B round of funding backing its LTE/5G enterprise networking solutions.

Celona is developing its solution that fully automates the deployment and operations of private LTE/5G wireless networks within the enterprise. Celona said its AI-ops based architecture enables the integration of cellular wireless functions with existing enterprise IT and cloud infrastructure as an overlay. 

The round was led by NTTVC and Qualcomm Ventures LLC with participation from Celona’s initial investors: Lightspeed Venture Partners, Norwest Venture Partners and Cervin Ventures. The company has raised $40 million to date.

“Our goal at Celona is to usher in a new era of enterprise services and applications leveraging 5G and give enterprises their own private mobile networks,” said Rajeev Shah, CEO and co-founder, Celona. “Our collaboration with NTTVC and Qualcomm Ventures validates our view that making 5G technology fully accessible to the enterprise will have a transformational impact on the future of networking.”

“As new cellular spectrum for private mobile networks is being made available around the world, we are excited to partner with Celona’s founding team to accelerate adoption of 5G for enterprises and operators,” said Vab Goel, founding partner at NTTVC. “With Celona, enterprises can deploy a mobile-first network, enabling new, real-time applications powering the future of enterprise connectivity.”  

https://www.celona.io/

Monday, September 28, 2020

Arista to acquire Awake Security

Arista Networks agreed to acquire Awake Security, a start-up offering a Network Detection and Response (NDR) platform. Financial terms were not disclosed.

Awake, which is based in Santa Clara, California, combines artificial intelligence (AI) with human expertise to autonomously hunt and respond to insider and external threats. The Awake platform analyzes network traffic and autonomously identifies, assesses, and processes threats. 

"We see an exciting future for Awake within the Arista family," said Rahul Kashyap, CEO for Awake Security. “Awake pioneered NDR platforms for real-time AI-driven situational awareness to secure digital assets and then respond to mitigate those risks. This acquisition allows us to further that mission.”

"We warmly welcome Awake Security to the Arista team,” stated Anshul Sadana, COO for Arista Networks. “With the proliferation of users, devices and Internet of Things (IOT), Awake’s best of breed threat detection platform is synergistic with Arista’s market leading cognitive cloud networks, delivering proactive security for our customers.”

  • In April 2020, Awake Security, raised $36 million in Series C financing led by Evolution Equity Partners with participation from Energize Ventures and Liberty Global Ventures, as well as existing investors Bain Capital Ventures and Greylock Partners. The latest investment brings Awake’s total funding to nearly $80 million and will be used to propel expansion in areas including R&D, sales and marketing to meet the growing demand for the company’s advanced network traffic analysis platform. Awake also said that it has increased its annual recurring revenue (ARR) by close to 700% and doubled its employee headcount over the past year. 




 

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.”