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

Wednesday, July 21, 2021

Fungible appoints Eric Hayes as CEO

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

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


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

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


Prime plans new 9MW data center in Santa Clara

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

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

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

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

https://primedatacenters.com/


Atom Computing raises $15M for its quantum system

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

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

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

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

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

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

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


BT makes equity investment in SAFE Security

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

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

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

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

https://www.safe.security/

Tuesday, July 13, 2021

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

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

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



Monday, July 12, 2021

Netskope raises $300 million for SASE

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

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

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


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

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

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


Wednesday, June 30, 2021

Versa Networks secures $84 million for its SASE

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

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

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

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

https://www.versa-networks.com

SentinelOne completes highest-valued cybersecurity IPO

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

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

Thursday, June 24, 2021

 Illumio raises $225 million for its Zero Trust Segmentation

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

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

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

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



Wednesday, June 9, 2021

Avicena develops highly parallel optical interconnect for chips

Avicena, a start-up based in Mountain View, California, unveiled a highly parallel optical interconnect technology targeting up to 10 meters reach for chip-to-chip interconnects in distributed computing, processor-to-memory disaggregation, and other advanced computing applications. 

Avicena's LightBundle is based on arrays of novel GaN high-speed micro-emitters, leveraging the microLED display manufacturing ecosystem, and is fully compatible with high performance silicon ICs. The company has demonstrated an array of 200 CROME devices with a pitch of 30μm coupled to an array of PDs with a multi-core imaging fiber. Avicena says individual lanes show excellent performance characteristics up to a data rate of 10Gbps over the full temperature range of -40°C to 150°C. This extrapolates to an aggregate link bandwidth of 2Tbps for 200 lanes with a bandwidth density of 10Tbps/mm2.

“All of this is changing with the recent advances in optical emitter technology driven by advances in the display industry,” says Bardia Pezeshki, founder and CEO of Avicena. “We have developed very high-performance optical transmitters based on emitter technology from the display industry. These innovative devices would have been impractical just a few years ago. Our optimized devices and materials support 10Gbps links per lane over -40°C to +150°C temperature with excellent reliability. We refer to our new optical sources as Cavity-Reinforced Optical Micro-Emitters or CROMEs. We connect CROME arrays with CMOS compatible PDs using multi-core fiber bundles to create massively parallel interconnects with 1000s of parallel lanes over a reach of up to 10m. We call this new class of optical interconnect the Avicena LightBundleTM.”

The company says the parallel nature of its LightBundle technology is well-matched to parallel chiplet interfaces like AIB, HBI, and BoW, and can also be used to extend the reach of standard compute interconnects like PCIe, NVLink, and multi-channel G/DDR memory links with low power and low latency.

Wednesday, June 2, 2021

Equinix to open $142M data center in Silicon Valley powered by fuel cells

Equinix is preparing to open its fourteenth Silicon Valley data center site on June 30, 2021.

The $142 million facility, named SV11,  is located at the Equinix Great Oaks campus in south San Jose.

The initial phase of SV11 will add more than 61,000 square feet (5,667+ square meters) of colocation space—and provides campus cross-connectivity into SV1, SV5 and SV10, making it an ideal home for customers looking to interconnect to key network and cloud service providers. Initially, it will include space for 1,450 cabinets, with space for additional cabinets in future phases. At full build, the facility will provide capacity for 2,950 cabinets.  

SV11 is targeting LEED Silver certification with an ultra-low design average annual Power Usage Effectiveness (PUE) of 1.17. Additionally, with expansion of the current Bloom Energy fuel cells, the campus is planned for 20 megawatt (MW) of capacity. This will be the first time Equinix will use the Bloom Energy fuel cell system as primary generation with utility electrical grid and generators as backup sources. 

"Digital transformation continues to accelerate at an unprecedented rate," said Jon Lin, President, Americas, Equinix. "In fact, 47% of respondents in a recent Equinix survey of enterprise IT decision-makers said they have accelerated their digital transformation plans. SV11 is another example of our commitment to provide our customers with the right places, partners and possibilities for their digital transformations now and in the future."

Tuesday, May 18, 2021

Celona's new Private Mobile platform leverages CBRS, microslicing, AI

Celona, a start-up based in Cupertino, California, unveiled its cellular wireless platform for enterprises. 

Celona’s all-in-one platform, which can leverage  Citizens Broadband Radio Service (CBRS) spectrum in the United States,  integrates network and cellular wireless functions with AI orchestration enabling unprecedented range and predictability of operation to mobile devices and IoT infrastructure deployed within the enterprise.

The idea is to use CBRS-based LTE/5G wireless to open an additional lane of wireless connectivity that operates in clean spectrum, away from interference. Celona says this allows the definition of specific service levels for network metrics such as latency, throughput, jitter and packet error rate. Within a network of wireless access points, mobility events of client devices and their traffic transmissions are always pre-scheduled by the infrastructure – further improving overall predictability.

Product components of Celona’s integrated solution architecture include:

  • The Celona RAN: Enterprise-optimized indoor and outdoor CBRS LTE access points that provide up to 25K sqft and 1M sqft of coverage, respectively. Their radio functions are fully automated via Celona software with their power level and frequency channel assignments in the CBRS spectrum and do not require any manual intervention.
  • The Celona Edge: Enterprise-ready private LTE/5G core that’s designed to integrate with any existing enterprise network configuration and access control policies. It can be simultaneously deployed on-premises for strict SLA enforcement for local applications and within the private / public / edge clouds for service scalability.
  • The Celona Orchestrator: An AIOps platform that enables remote installation of Celona’s access points and Edge software across multiple enterprise sites and allows for provisioning of Celona SIM cards against required device level access control policies within the enterprise network. It goes beyond basic monitoring of infrastructure components and keeps track of application- and device-specific key performance indicators for Celona MicroSlicing – enabling IT teams to maintain laser focus on digital service delivery and business outcomes.

Celona also announced strategic resale partnership with Aruba, a Hewlett Packard Enterprise company, covering its entire line of products.

“CBRS is a game changer, but it is only one piece of the puzzle. Enterprises need a packaged solution to take full advantage of cellular wireless within the context of their existing IT framework,” said Mehmet Yavuz, CTO of Celona. “Our unique approach provides organizations a clear path to easily adopt LTE wireless today, and 5G in the future, while maintaining complete control over the network and the data running over it.”

“Our customers are demanding additional connectivity options and spectrum to support specific digital initiatives being deployed within their organizations,” said Jeff Lipton, VP of Strategy and Corporate Development at Aruba, a Hewlett Packard Enterprise company. “Our partnership with Celona is designed to directly address these demands and reflects a shared vision that enterprises need a viable 5G strategy that complements existing investments in enterprise wireless.”



Sunday, May 16, 2021

Cisco to acquire Kenna Security for risk-based vulnerability mgt

Cisco agreed to acquire Kenna Security, a start-up offering irsk-based vulnerability management technology. Financial terms were not disclosed.

Kenna, which is headquartered in Santa Clara, California, helps organizations to work cross-functionally to rapidly identify, prioritize and remediate cyber risks. 

Cisco says the acquisition will help it transform the way security and IT teams collaborate to reduce the attack surface and the time it takes to detect and respond.

“Hybrid work is here to stay, and the increasing complexity of cybersecurity is our customers’ biggest challenge. We must radically simplify security to stay ahead of the evolving threat landscape,” said Jeetu Patel, senior vice president and general manager, Cisco Security and Collaboration. “Our goal is to unify all critical control points into a single platform. With the addition of Kenna Security, we will fundamentally strengthen our platform experience by giving customers the ability to prioritize vulnerabilities based on a robust risk methodology that is tuned to their unique needs.”

The acquisition of Kenna Security with Cisco’s SecureX platform will help customers:

  • Discover and prioritize their organization’s assets with a centralized, contextual view
  • Speed decision making with prioritization of vulnerability data based on threat intelligence and asset business value
  • Accelerate and simplify response with orchestration to proactively perform patch management or deploy virtual patching
  • Reduce friction associated with compliance efforts with a simple and easy way to generate compliance reports
  • Enhance collaboration between security and IT teams to effectively deal with vulnerabilities to reduce risk for businesses

“Cisco is on a mission to reshape the way we think about security, and together we have a unique opportunity to fundamentally transform how organizations effectively manage risk at scale,” said Karim Toubba, CEO of Kenna Security. “As malicious actors continue to evolve their methods, we need to make it easier than ever for customers to predict, detect, prioritize and respond to the security threats that matter. The breadth and scale of Cisco coupled with Kenna Security’s mastery of machine-learning and data science will reshape how the entire industry addresses cyber risk.”

https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=2160133

Thursday, May 13, 2021

Tarana raises $88M for fixed wireless in unlicensed spectrum

Tarana Wireless, a start-up based in Santa Clara, California, raised $88 million in new funding for its fixed wireless solution for suburban broadband.

Tarana claims its fixed wireless access technology, which uses unlicensed spectrum, will drive a tenfold improvement in the network economics of gigabit broadband access. The company developed its own silicon for advanced interference cancellation.  

The funding round includes a $60 million financing with Khosla Ventures and EchoStar Corporation, as a follow-on to financing of $28m led by 1010 Holdings, LLC, the family offices of Greg Wyler. In conjunction with the financing, EchoStar Chairman Charlie Ergen, Khosla Ventures partner Samir Kaul, and Greg Wyler, Chairman of OneWeb, have joined Tarana’s board of directors. Kranti Kilaru recently stepped down from his role as EVP at EchoStar to join Tarana’s leadership team as President. Tarana has now raised nearly $200 million to date.

Company founder and COO Sergiu Nedevschi stated, “We are excited to complete this round of financing, which allows us to finish our product development efforts and start commercial trials with a number of tier 1 operators who are now making plans for that phase.”

Samir Kaul said, “We’ve evaluated many companies who have tried to solve the world’s broadband problem with fixed wireless. We believe Tarana is the only one that has developed the technology required to consistently deliver the affordable gigabit bandwidth that both consumers and businesses worldwide are demanding.”

Greg Wyler added, “Tarana has the lowest-cost and highest-capacity solution for suburban residential users everywhere, whether that is the US, Europe, Africa, South America, or Asia. Tarana’s access network enables mobile operators and ISPs to leapfrog fiber to the home and quickly provide equivalent performance at a fraction of the cost. This is a great complement to OneWeb’s rural capabilities and fits perfectly with the mission to bridge the digital divide.”


Monday, May 3, 2021

Cologix acquire data center in Silicon Valley

Cologix is in the process of acquiring five-acre data center campus in Santa Clara, California from vXchnge. The purchase is being funded through a combination of equity from Mubadala and an increase to the company's debt facilities.

The Santa Clara data center campus is currently equipped with 9 MW of power, with room to expand by a further 10 MW.

“Silicon Valley continues to have one of the fastest-growing data center markets in the world with strong fiber connectivity to Internet backbones and a growing density of hyperscale on-ramps,” said Cologix CEO Bill Fathers. “This acquisition fits into Cologix’s cloud-first growth strategy by expanding our national footprint into the heart of Silicon Valley, starting with an established interconnection hub. Through this acquisition, we will fulfill our strategic goal of providing total coverage of the U.S. markets with cloud gateways in Ashburn, Silicon Valley, Dallas, Minneapolis, New Jersey, Jacksonville and Columbus, OH – complementing our national coverage of Canada in Toronto, Montreal and Vancouver.”

Cologix also notes that AT&T, Sprint and Verizon all run long-haul fiber connections on the west side of San Francisco Bay. These fast connections to the Internet backbone work to connect tech businesses from San Francisco in the north to the concentrations of data centers south of the Bay in Santa Clara and San Jose. Newer carriers like Cogent, Electric Lightwave, Lumen, Integra, Level3, M Power, Paxio, Telepacific, XO Communications and Zayo added new fiber following similar paths but also add connections to east Bay Area-suburbs of Berkeley and Oakland in the north, out to the growing eastern suburbs of Dublin, Pleasanton and Livermore, and circle back southwest to link up to San Jose/Santa Clara. 

  • Cologix is headed by Bill Fathers, was most recently Executive Vice President of Cloud Services at VMware and previously served as President of Savvis, a public data center and cloud infrastructure provider. Bill previously served on the Board of Directors of Ciena, euNetworks and Telx, a leading cross-connection and colocation platform. 

Thursday, April 29, 2021

Vectra AI raises $130 million for automated threat detection/response

Vectra AI, a start-up based in San Jose, California, announced $130 million in new funding for its work in automated cyber threat detection and response. The company's mission is "to see and stop threats before they become breaches."

“Over the past year, we have witnessed a continuous series of the most impactful and widespread cyberattacks in history. To protect their employees and digital assets, our customers require security solutions that are smarter than today’s adversaries and provide coverage for cloud, data centers and SaaS applications” said Hitesh Sheth, president and chief executive officer at Vectra. “As we look to the future, Blackstone’s global presence, operational resources, and in-house technology expertise will help us achieve our mission to become one of the dominant cybersecurity companies in the world.”

The new $130 funding round was led by funds managed by Blackstone Growth. This brings Vectra's total funding since inception to more than $350 million at a post-money $1.2 billion valuation.

Viral Patel, a Senior Managing Director at Blackstone, said: “Vectra has a proven ability to stop in-progress attacks in the cloud, on corporate networks, and in private data centers for some of the top organizations in the world. The company has experienced extraordinary success through its commitment to combining innovative AI technology, first-class customer service, and top talent, and Blackstone is excited to become part of the Vectra team.”

For 2020, the Vectra reported a compound annual growth rate (CAGR) exceeding 100 percent, while sales of its Cognito Detect product for Microsoft Office 365 have grown at a rate of over 700 percent. 

http://www.vectra.ai

  • Vectra AI is headed by Hitesh Sheth (president and CEO), who previously was chief operating officer at Aruba Networks. Hitesh joined Aruba from Juniper Networks, where he was EVP/GM for its switching business and before that, SVP for the Service Layer Technologies group, which included security. Prior to Juniper, Hitesh held a number of senior management positions at Cisco.

Thursday, April 22, 2021

Druva raises $147 million for cloud data protection

Druva, a start-up based in Sunnyvale, California, announced $147 million new funding for its Cloud Data Protection and Management solutions.

The Druva Cloud Platform, which the company describes as the largest cloud-native SaaS platform operating at scale, enables organizations to centrally protect data, including cloud environments and leading SaaS applications such as Microsoft 365, Google Workspace and Salesforce.

The funding round was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with a significant investment by Neuberger Berman. The round, which raises the company’s valuation above $2 billion, also included participation from existing investors Viking Global Investors and Atreides Management. 

“Rising volumes of stored data, rapid adoption of cloud and deployment of SaaS applications, regulatory frameworks and cybersecurity concerns have accelerated the demand for data protection and management solutions for businesses,” said Alexandre Synnett, Executive Vice President and Chief Technology Officer, CDPQ. “The working-from-home dynamic experienced globally has further accentuated the need for cloud-based data protection solutions and we believe Druva is in an excellent position to seize opportunities and enhance its clients’ agility and data compliance.”

Druva Cloud Platform’s customer base has expanded substantially during 2020, while the adoption of multiple Druva Cloud Platform products has increased by 50 percent in the same time period. In the last year, the company’s data under management has grown by more than 40 percent as Druva supports industry leaders, disruptors, and pioneers including GameStop, Marriott, NASA, National Cancer Institute, Pfizer, Regeneron Pharmaceuticals, and Zoom.

“The unprecedented events of 2020 have ushered in a generational cloud transformation for businesses, and data‘s increasing value is at the very heart of it,” said Jaspreet Singh, founder and CEO, Druva. “Druva pioneered the cloud data protection category almost a decade ago and has led the way in defining the architecture, business model, and user experience our customers now expect. This investment and our continued, rapid growth is further validation of our vision for a simple, open, and unified data protection and management platform.”

http://www.druva.com

Expedera develops deep-learning accelerator (DLA) for AI silicon

Expedera, a start-up based in Santa Clara, California, emerged from stealth to unveil its Origin neural engine intellectual property (IP) for edge system silicon.

Expedera, which plans to license its deep-learning accelerator (DLA) technology to SoC designers, is targetting low-power edge devices like smartphones, tablets, computers, edge servers, and automotive. The company says its deep-learning accelerator (DLA) provides up to 18 TOPS/W at 7nm, which is up to ten times more than competitive offerings while minimizing memory requirements. Origin accelerates the performance of neural network models such as object detection, recognition, segmentation, super-resolution, and natural language processing. 

Expedera's co-founders include Da Chuang (CEO), who previously was cofounder and COO of Memoir Systems (an optimized memory IP startup acquired by Cisco); Siyad Ma (VP Engineering), who previously led Algorithmic TCAM ASIC and IP teams for Cisco Nexus7k, MDS, Cat4k/6k; and Sharad Chole (Chief Scientist), who previously was an architect at Cisco, Memoir Systems (Cisco), and Microsoft. 

https://www.expedera.com/

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.”